Galapagos Nv (GLPG): Price Now Near $59.51; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for GLPG

At the time of this writing, GLPG (Get Ratings)’s price is down $-0.11 (-0.18%) from the hour prior. This is the 2nd hour in a row GLPG has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

GLPG ranks 298th in terms of today’s price percentage change out of Pharmaceutical Products stocks.

GLPG’s Technical Outlook on the Daily Chart

At the moment, GLPG’s price is down $-0.59 (-0.98%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows GLPG’s price action over the past 90 days.

GLPG

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GLPG: Daily RSI Analysis

  • GLPG’s RSI now stands at 82.948.
  • GLPG and RSI may be exhibiting divergent trends. This may be something to monitor.

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