Technical Analysis for GLRE - Greenlight Reinsurance, Ltd.
|Grade||Last Price||% Change||$ Change|
GLRE closed down 0.21 percent on Tuesday, February 21, 2017, on 81 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
Earnings due: Feb 22
Trend Table & Recent Alerts
|Weak or Absent||Up||Up||Up|
|See historical GLRE trend table...|
|Date||Alert Name||Type||% Chg|
|Feb 21||NR7||Range Contraction||0.00%|
|Feb 21||NR7-2||Range Contraction||0.00%|
|Feb 21||Narrow Range Bar||Range Contraction||0.00%|
|Feb 17||NR7||Range Contraction||-0.21%|
|Feb 17||Narrow Range Bar||Range Contraction||-0.21%|
|Feb 16||Crossed Above 50 DMA||Bullish||0.21%|
|Feb 16||Stochastic Reached Overbought||Other||0.21%|
|Feb 16||Bollinger Band Squeeze||Range Contraction||0.21%|
|Feb 15||50 DMA Resistance||Bearish||0.86%|
|Feb 15||Bollinger Band Squeeze||Range Contraction||0.86%|
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Greenlight Capital Re, Ltd., through its subsidiaries, operates in the property and casualty reinsurance business in the United States, Europe, the Caribbean, and internationally. The companys frequency business includes contracts containing smaller losses emanating from multiple events and enables the clients to increase their own underwriting capacity; and severity business comprises contracts with the potential for significant losses emanating from one event or multiple events. It offers personal, motor physical damage, and commercial; general, marine, motor, and professional liability; and financial, health, medical malpractice, and workers compensation products. The company sells its products primarily through reinsurance brokers. Greenlight Capital Re, Ltd. was founded in 2004 and is based in Grand Cayman, the Cayman Islands.
Is GLRE a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more GLRE news...
|52 Week High||24.1|
|52 Week Low||18.79|
|200-Day Moving Average||21.25|
|50-Day Moving Average||23.25|
|20-Day Moving Average||22.93|
|10-Day Moving Average||22.98|
|Average True Range||0.39|
|Chandelier Exit (Long, 3 ATRs)||22.28|
|Chandelier Exit (Short, 3 ATRs)||23.42|
|Upper Bollinger Band||23.57|
|Lower Bollinger Band||22.29|
|Percent B (%b)||0.87|