RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GLMD
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Galmed Pharmaceuticals Ltd. stock price up 3.12% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 08, 2024 Loss -13.11% PDF

The Galmed Pharmaceuticals Ltd. stock price gained 3.12% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.320 to $0.330. During the last trading day the stock fluctuated 6.22% from a day low at $0.320 to a day high of $0.340. The price has risen in 5 of the last 10 days but is still down by -8.15% for this period. Volume fell on the last day by -30 thousand shares and in total, 16 thousand shares were bought and sold for approximately $5.28 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.51% during the next 3 months and, with a 90% probability hold a price between $0.233 and $0.298 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

GLMD Signals & Forecast

There are mixed signals in the stock today. The Galmed Pharmaceuticals Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.359. On a fall, the stock will find some support from the short-term average at $0.317. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 8.33%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Galmed Pharmaceuticals Ltd. stock

Galmed Pharmaceuticals Ltd. finds support from accumulated volume at $0.320 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0199 between high and low, or 6.22%. For the last week the stock has had daily average volatility of 5.48%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GLMD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Galmed Pharmaceuticals Ltd. to open at $0.330, and during the day (based on 14 day Average True Range), to move between $0.300 and $0.361, which gives a possible trading interval of +/-$0.0306 (+/-9.26%) up or down from last closing price. If Galmed Pharmaceuticals Ltd. takes out the full calculated possible swing range there will be an estimated 18.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.320 (3.03%) than the resistance at $0.369 (11.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Galmed Pharmaceuticals Ltd. stock A Buy?

Galmed Pharmaceuticals Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.461 Sell Candidate Unchanged

Predicted Opening Price for Galmed Pharmaceuticals Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.330 ( 0.0505%) $0.330

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GLMD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.350 5.98 %
R2 0.342 3.67 %
R1 0.338 2.25 %
Current price: 0.330
Support S1 0.322 -2.35 %
S2 0.318 -3.77 %
S3 0.310 -6.08 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.410 24.17 %
R2 0.380 15.08 %
R1 0.369 11.60 %
Current price 0.330
Support S1 0.320 -3.03%
S2 0.311 -5.91%
S3 0.305 -7.60%

FAQ

What is the symbol for Galmed Pharmaceuticals Ltd. Stock and on which exchange is it traded?
The symbol for Galmed Pharmaceuticals Ltd. is GLMD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Galmed Pharmaceuticals Ltd. Stock?
Galmed Pharmaceuticals Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Galmed Pharmaceuticals Ltd. Stock?
Galmed Pharmaceuticals Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Galmed Pharmaceuticals Ltd. Stock.

What's the current price of Galmed Pharmaceuticals Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an Galmed Pharmaceuticals Ltd. (GLMD) share was $0.330.

What is the 52-week high and low for Galmed Pharmaceuticals Ltd. Stock?
The 52-week high for Galmed Pharmaceuticals Ltd. Stock is $5.63 and the 52-week low is $0.260.

What is the market capitalization of Galmed Pharmaceuticals Ltd. Stock?
As of the 2024-03-27, the market capitalization of Galmed Pharmaceuticals Ltd. is 1.219M.

When is the next earnings date for Galmed Pharmaceuticals Ltd.?
The upcoming earnings date for Galmed Pharmaceuticals Ltd. is Apr 03, 2024.
Click to get the best stock tips daily for free!

About Galmed Pharmaceuticals Ltd.

Galmed Pharmaceuticals Ltd. Galmed Pharmaceuticals Ltd., a clinical-stage biopharmaceutical company, focuses on the development of therapeutics for the treatment of liver diseases. It develops Aramchol, an oral therapy, which is in Phase III study for the treatment of non-alcoholic steato-hepatitis (NASH) in patients with overweight or obesity and who are pre-diabetic or type-II-diabetes mellitus. The company also evaluates Aramchol through ARRIVE Study, a Phase IIa clinica... GLMD Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT