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Life & Health Insurance Industry Stocks Technical Analysis - GLArchive
- 4/5/2024 -
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GREAT LKS REIT (GL) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the GREAT LKS REIT (GL). During the week, the GL dropped -7.92 points, or -6.81%, and closed at 108.45 on Friday, April 5, 2024. Weekly volume was 185% above average.
GL is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See GL long-term trend chart]
A long-term uptrend had started on December 1, 2021 at 85.25 and reached 132.00 on February 22, 2024. GL gained -46.75 points, or -54.84%, in 116 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (112.72) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GL may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See GL medium-term trend chart]
A medium-term downtrend had started on February 22, 2024 at 132.00 and reached 108.37 on April 5, 2024. GL lost 23.63 points, or 17.90%, in 6 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See GL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 8, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See GL short-term trend chart]
A short-term downtrend had started on March 20, 2024 at 118.63 and reached 108.37 on April 5, 2024. GL lost 10.26 points, or 8.65%, in 16 days. Price is near the trend low.
 Daily Technical Indicators: [See GL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
The distance between the Bollinger Bands is 160.18% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
11 |
| Industry |
Life & Health Insurance |
73 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
118.63 |
| High Date |
03/20/2024 |
| Low |
108.37 |
| Low Date |
04/05/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
118.63 |
| High Date |
03/20/2024 |
| Low |
108.37 |
| Low Date |
04/05/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
132.00 |
| High Date |
02/22/2024 |
| Low |
108.37 |
| Low Date |
04/05/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
102.23 |
| Low Date |
05/04/2023 |
| High |
132.00 |
| High Date |
02/22/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Support |
| Resistance |
144.17 |
| Support |
112.72 |
| Low |
85.25 |
| Low Date |
12/01/2021 |
| High |
132.00 |
| High Date |
02/22/2024 |
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