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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 2024-05-31 View latest technical analysis

10 day averaged volume of Galmed Pharmaceuticals is 53472

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	0.37	0.38	0.39	0.36	0.617 times
30 Thu May 2024	0.36	0.39	0.40	0.36	0.436 times
29 Wed May 2024	0.36	0.41	0.41	0.36	1.416 times
28 Tue May 2024	0.37	0.40	0.40	0.36	0.576 times
23 Thu May 2024	0.39	0.39	0.41	0.39	0.683 times
22 Wed May 2024	0.40	0.39	0.41	0.38	1.694 times
21 Tue May 2024	0.39	0.39	0.42	0.39	1.148 times
20 Mon May 2024	0.40	0.42	0.42	0.39	0.536 times
17 Fri May 2024	0.41	0.40	0.41	0.39	1.401 times
16 Thu May 2024	0.40	0.39	0.40	0.39	1.32 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 0.4 as target. However if you take a buy trade in stock , then use 0.4 as stoploss and 0.39 as target.

Share price targets for Galmed Pharmaceuticals (GLMD)

Target Type	Value
Downside Target	0.30
Downside Target	0.32
Downside Target	0.34
Downside Target	0.36
Downside Target	0.37
Upside Target	0.38
Upside Target	0.40
Upside Target	0.41
Upside Target	0.42
Upside Target	0.43
Upside Target	0.44
Upside Target	0.46
Upside Target	0.47

Intraday share price targets for Galmed Pharmaceuticals (GLMD)

Target Type	Value
Downside Intraday Target	0.35
Downside Intraday Target	0.33
Upside Intraday Target	0.4
Upside Intraday Target	0.43
Upside Intraday Target	0.38

Weekly technical analysis of Galmed Pharmaceuticals (GLMD)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	0.37	0.40	0.41	0.36	0.75 times
23 Thu May 2024	0.39	0.42	0.42	0.38	0.587 times
17 Fri May 2024	0.41	0.38	0.44	0.37	1.203 times
10 Fri May 2024	0.40	0.39	0.44	0.36	1.241 times
03 Fri May 2024	0.39	0.39	0.40	0.34	1.014 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
31 Fri May 2024	0.37	0.35	0.44	0.34	0.233 times
30 Tue Apr 2024	0.35	0.34	0.44	0.32	1.044 times
28 Thu Mar 2024	0.35	0.42	0.43	0.30	1.721 times
29 Thu Feb 2024	0.40	0.36	0.47	0.34	2.193 times

Scroll below to view daily charts

Price has moved up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Galmed Pharmaceuticals in short term

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.39 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.