Technical Analysis for GNLN - Greenlane Holdings, Inc.

Grade Last Price % Change Price Change
grade D 3.19 -3.33% -0.11
GNLN closed down 3.33 percent on Thursday, July 9, 2020, on 78 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down
Historical GNLN trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Support Bullish -3.33%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -3.33%

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Profile

Greenlane is a leading distributor of premium vaporization products and consumption accessories in the United States and has a growing presence in Canada. Greenlane’s customers include over 6,600 independent smoke shops and regional retail chain stores, which collectively operate approximately 9,700 retail locations, and hundreds of licensed cannabis cultivators, processors and dispensaries. Greenlane also owns and operates two of the most visited North American direct-to-consumer e-commerce websites in the vaporization products and consumption accessories industry, VaporNation.com and VapeWorld.com, which offer convenient, flexible shopping solutions directly to consumers. Greenlane is developing a unique e-commerce platform, Vapor.com, into which its existing e-commerce websites will be consolidated. Through Greenlane’s expansive North American distribution network and e-commerce presence, Greenlane offers a comprehensive selection of premium vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. Following the passage of The Agriculture Improvement Act of 2018 in February 2019, Greenlane commenced distribution of premium products containing hemp-derived cannabidiol in those states in which the distribution and sale of such products are authorized by, and can be effected in compliance with, applicable state laws and regulations.
Retail Marketing E Commerce Retail Locations E Commerce Platform Cannabis Smoking Drug Paraphernalia Cannabidiol E Commerce Websites

Is GNLN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 9.68
52 Week Low 1.0184
Average Volume 239,161
200-Day Moving Average 2.89
50-Day Moving Average 3.28
20-Day Moving Average 3.58
10-Day Moving Average 3.61
Average True Range 0.33
ADX 22.02
+DI 19.84
-DI 23.42
Chandelier Exit (Long, 3 ATRs ) 3.18
Chandelier Exit (Short, 3 ATRs ) 4.03
Upper Bollinger Band 4.01
Lower Bollinger Band 3.15
Percent B (%b) 0.04
BandWidth 23.87
MACD Line 0.03
MACD Signal Line 0.12
MACD Histogram -0.0917
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.73
Resistance 3 (R3) 3.74 3.56 3.64
Resistance 2 (R2) 3.56 3.43 3.56 3.61
Resistance 1 (R1) 3.38 3.34 3.29 3.37 3.58
Pivot Point 3.20 3.20 3.16 3.20 3.20
Support 1 (S1) 3.02 3.07 2.93 3.01 2.80
Support 2 (S2) 2.84 2.98 2.84 2.77
Support 3 (S3) 2.66 2.84 2.74
Support 4 (S4) 2.65