Technical Analysis for GLRE - Greenlight Reinsurance, Ltd.
|Grade||Last Price||% Change||Price Change|
GLRE closed up 0.45 percent on Friday, February 23, 2018, on 3.93 times normal volume. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
|See historical GLRE trend table...|
|Date||Alert Name||Type||% Chg|
|Feb 23||Hammer Candlestick||Bullish||0.00%|
|Feb 23||Lizard Bullish||Bullish Day Trade Setup||0.00%|
|Feb 23||Volume Surge||Other||0.00%|
|Feb 23||New 52 Week Low||Weakness||0.00%|
|Feb 23||Wide Bands||Range Expansion||0.00%|
|Feb 23||Oversold Stochastic||Weakness||0.00%|
|Feb 22||New 52 Week Closing Low||Bearish||0.45%|
|Feb 22||New 52 Week Low||Weakness||0.45%|
|Feb 22||Wide Bands||Range Expansion||0.45%|
|Feb 22||Down 3 Days in a Row||Weakness||0.45%|
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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 company's 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 worker's 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.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more GLRE news...
|52 Week High||23.4|
|52 Week Low||16.0|
|200-Day Moving Average||21.0417|
|50-Day Moving Average||19.8284|
|20-Day Moving Average||18.4488|
|10-Day Moving Average||17.3925|
|Average True Range||0.5285|
|Chandelier Exit (Long, 3 ATRs )||19.8645|
|Chandelier Exit (Short, 3 ATRs )||17.5855|
|Upper Bollinger Band||21.0393|
|Lower Bollinger Band||15.8583|
|Percent B (%b)||0.14|
|MACD Signal Line||-0.8275|
|Market Cap||618.93 Million|
|Num Shares||37.3 Million|
|Price-to-Earnings (P/E) Ratio||11.92|
|Pivot Point Level||Traditional / Classic||Fibonacci||Demark||Woodie||Camarilla|
|Resistance 4 (R4)||17.48|
|Resistance 3 (R3)||17.38||16.99||17.33|
|Resistance 2 (R2)||16.99||16.76||17.04||17.27|
|Resistance 1 (R1)||16.78||16.62||16.89||16.88||17.22|
|Support 1 (S1)||16.18||16.16||16.29||16.28||15.93|
|Support 2 (S2)||15.79||16.02||15.84||15.88|
|Support 3 (S3)||15.58||15.79||15.83|
|Support 4 (S4)||15.68|