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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.

10 day averaged volume of Galmed Pharmaceuticals is 56520

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Sep 2023	0.58	0.58	0.60	0.55	1.297 times
26 Tue Sep 2023	0.57	0.58	0.61	0.54	5.487 times
25 Mon Sep 2023	0.59	0.63	0.65	0.58	0.571 times
22 Fri Sep 2023	0.63	0.64	0.65	0.61	0.29 times
21 Thu Sep 2023	0.60	0.67	0.69	0.60	1.389 times
20 Wed Sep 2023	0.63	0.65	0.66	0.60	0.359 times
19 Tue Sep 2023	0.63	0.70	0.73	0.63	0.584 times
18 Mon Sep 2023	0.70	0.74	0.76	0.70	0.14 times
15 Fri Sep 2023	0.74	0.75	0.76	0.74	0.276 times
14 Thu Sep 2023	0.75	0.78	0.78	0.74	0.364 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.6, but if it comes above 0.6, then a intra day buy could be more profitable.
If you take a sell trade below 0.6, then use 0.6 as stoploss and 0.5 as target. However if you take a buy trade in stock , then use 0.6 as stoploss and 0.73 as target.

Share price targets for Galmed Pharmaceuticals (GLMD)

Target Type	Value
Downside Target	0.29
Downside Target	0.54
Upside Target	0.60
Upside Target	0.65
Upside Target	0.74
Upside Target	0.79
Upside Target	0.83
Upside Target	0.89
Upside Target	1.10
Upside Target	1.15
Upside Target	2.89
Upside Target	5.00
Upside Target	5.47
Upside Target	5.63

Intraday share price targets for Galmed Pharmaceuticals (GLMD)

Target Type	Value
Downside Intraday Target	0.53
Downside Intraday Target	0.48
Upside Intraday Target	0.64
Upside Intraday Target	0.7
Upside Intraday Target	0.59

Weekly technical analysis of Galmed Pharmaceuticals (GLMD)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Sep 2023	0.58	0.63	0.65	0.54	2.663 times
22 Fri Sep 2023	0.63	0.74	0.76	0.60	1.768 times
15 Fri Sep 2023	0.74	0.83	0.83	0.74	1.688 times
08 Fri Sep 2023	0.81	0.90	0.90	0.77	0.594 times
01 Fri Sep 2023	0.89	0.82	0.89	0.79	0.606 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Galmed Pharmaceuticals (GLMD)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Wed Sep 2023	0.58	0.82	0.90	0.54	0.75 times
31 Thu Aug 2023	0.81	1.15	1.15	0.75	0.073 times
31 Mon Jul 2023	1.15	3.07	5.47	1.10	77.753 times
30 Fri Jun 2023	2.99	4.61	5.00	2.89	0.017 times

Scroll below to view daily charts

Price has moved down 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 BUY signal for Galmed Pharmaceuticals in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Galmed Pharmaceuticals in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying 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 0.6 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.