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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 2024-02-22 View latest technical analysis

10 day averaged volume of Galmed Pharmaceuticals is 181290

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	0.36	0.39	0.39	0.34	0.566 times
21 Wed Feb 2024	0.36	0.38	0.39	0.36	0.179 times
20 Tue Feb 2024	0.38	0.40	0.40	0.36	0.171 times
16 Fri Feb 2024	0.39	0.38	0.40	0.35	0.222 times
15 Thu Feb 2024	0.38	0.37	0.39	0.36	0.276 times
14 Wed Feb 2024	0.37	0.38	0.40	0.34	1.276 times
13 Tue Feb 2024	0.38	0.36	0.47	0.35	6.505 times
12 Mon Feb 2024	0.37	0.38	0.38	0.35	0.229 times
09 Fri Feb 2024	0.36	0.35	0.37	0.34	0.108 times
08 Thu Feb 2024	0.36	0.36	0.37	0.34	0.188 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 0.37 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	0.35
Downside Target	0.36
Upside Target	0.40
Upside Target	0.41
Upside Target	0.46
Upside Target	0.47
Upside Target	0.87

Intraday share price targets for Galmed Pharmaceuticals (GLMD)

Target Type	Value
Downside Intraday Target	0.33
Downside Intraday Target	0.31
Upside Intraday Target	0.39
Upside Intraday Target	0.43
Upside Intraday Target	0.37

Weekly technical analysis of Galmed Pharmaceuticals (GLMD)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	0.36	0.40	0.40	0.34	0.108 times
16 Fri Feb 2024	0.39	0.38	0.47	0.34	3.961 times
09 Fri Feb 2024	0.36	0.38	0.41	0.34	0.866 times
02 Fri Feb 2024	0.38	0.38	0.46	0.35	2.429 times
26 Fri Jan 2024	0.38	0.37	0.40	0.34	0.41 times

Price has moved down 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
22 Thu Feb 2024	0.36	0.36	0.47	0.34	1.815 times
31 Wed Jan 2024	0.37	0.45	0.46	0.32	0.504 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

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Galmed Pharmaceuticals ( (GLMD) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Galmed Pharmaceuticals in short term and SELL signal is strong!

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 0.38 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 negative.

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