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(GLMD) Galmed Pharmaceuticals complete technical analysis [charts+indicators] | Buy/Sell Galmed Pharmaceuticals | (GLMD) share price targets

Complete technical analysis of Galmed Pharmaceuticals (GLMD) by charts plus indicators, forecast predictions and share price targets for Galmed Pharmaceuticals (GLMD)

Galmed Pharmaceuticals trades in USA in Health Care sector.

Showing technical analysis as on 2024-01-23 View latest technical analysis

10 day averaged volume of Galmed Pharmaceuticals is 75660

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	0.38	0.37	0.38	0.35	0.415 times
22 Mon Jan 2024	0.35	0.37	0.37	0.34	0.549 times
19 Fri Jan 2024	0.34	0.38	0.39	0.32	2.203 times
18 Thu Jan 2024	0.38	0.40	0.40	0.38	0.252 times
17 Wed Jan 2024	0.38	0.40	0.41	0.35	2.328 times
16 Tue Jan 2024	0.41	0.45	0.46	0.40	1.193 times
12 Fri Jan 2024	0.45	0.44	0.46	0.43	0.852 times
12 Fri Jan 2024	0.45	0.44	0.46	0.43	0.852 times
11 Thu Jan 2024	0.45	0.44	0.46	0.42	0.929 times
10 Wed Jan 2024	0.46	0.45	0.46	0.44	0.496 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.4, but if it comes above 0.4, then a intra day buy could be more profitable.
If you take a sell trade below 0.4, then use 0.4 as stoploss and 0.3 as target. However if you take a buy trade in stock , then use 0.4 as stoploss and 0.43 as target.

Share price targets for Galmed Pharmaceuticals (GLMD)

Target Type	Value
Downside Target	0.26
Downside Target	0.31
Downside Target	0.32
Downside Target	0.34
Downside Target	0.36
Downside Target	0.38
Upside Target	0.42
Upside Target	0.43
Upside Target	0.46
Upside Target	0.47
Upside Target	0.54
Upside Target	0.87
Upside Target	0.90

Intraday share price targets for Galmed Pharmaceuticals (GLMD)

Target Type	Value
Downside Intraday Target	0.35
Downside Intraday Target	0.33
Upside Intraday Target	0.39
Upside Intraday Target	0.41
Downside Intraday Target	0.37

Weekly technical analysis of Galmed Pharmaceuticals (GLMD)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	0.38	0.37	0.38	0.34	0.161 times
19 Fri Jan 2024	0.34	0.45	0.46	0.32	7.011 times
12 Fri Jan 2024	0.45	0.44	0.46	0.43	0.254 times
12 Fri Jan 2024	0.45	0.44	0.46	0.42	0.892 times
05 Fri Jan 2024	0.45	0.45	0.46	0.42	3.54 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Galmed Pharmaceuticals (GLMD)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	0.38	0.45	0.46	0.32	0.422 times
29 Fri Dec 2023	0.46	0.38	0.47	0.31	0.353 times
30 Thu Nov 2023	0.36	0.39	0.47	0.26	2.655 times
31 Tue Oct 2023	0.38	0.60	0.87	0.36	3.025 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Galmed Pharmaceuticals (GLMD)

Price action analysis of Galmed Pharmaceuticals ( (GLMD) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Galmed Pharmaceuticals ( (GLMD) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Galmed Pharmaceuticals ( (GLMD) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Galmed Pharmaceuticals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Galmed Pharmaceuticals in short term and the sell signal is strong.

Galmed Pharmaceuticals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color Prices appear to be moving up

CCI has generated a buy signal for Galmed Pharmaceuticals in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Galmed Pharmaceuticals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.4 and Galmed Pharmaceuticals (GLMD) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Galmed Pharmaceuticals (GLMD) stock. Volume based technical analysis of Galmed Pharmaceuticals (GLMD) stock is negative.

Galmed Pharmaceuticals Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.