Why Galapagos NV (NASDAQ:GLPG) Is Picking Up (2020-01-06)

REPORTING FOR 2020-01-06 | WCX19.ORG: We have done an in-depth analysis of how GLPG has been trading over the last 2 weeks and the past day especially. On its latest session, Galapagos NV (NASDAQ:GLPG) opened at 207.55, reaching a high of 211.15 and a low of 207.55 before closing at a price of 209.08. There was a total volume of 67555.

VOLUME INDICATORS FOR GALAPAGOS NV (NASDAQ:GLPG): We saw an accumulation-distribution index of 930.84364, an on-balance volume of 212.09, chaikin money flow of 1.0 and a force index of 3.465. There was an ease of movement rating of -0.01408, a volume-price trend of 36.65731 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR GALAPAGOS NV (NASDAQ:GLPG): We noted an average true range of 2.32133, bolinger bands of 211.22529, an upper bollinger band of 205.79471, lower bollinger band of 207.55, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 208.75, high band keltner channel of 205.15, low band keltner channel of 212.35, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 207.55, a donchian channel low band of 207.55, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR GALAPAGOS NV (NASDAQ:GLPG): We calculated a Moving Average Convergence Divergence (MACD) of 0.04308, a MACD signal of 0.02393, a MACD difference of 0.01915, a fast Exponential Moving Average (EMA) indicator of 207.55, a slow Exponential Moving Average (EMA) indicator of 207.55, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.03301, a trix of 11.73161, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -30.91483, a KST Oscillator (KST) of 175.02079 and a KST Oscillator (KST Signal) of 175.02079 (leaving a KST difference of 2.71747). We also found an Ichimoku rating of 209.35, an Ichimoku B rating of 209.35, a Ichimoku visual trend A of 181.99407, an Ichimoku visual trend B of 189.59649, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR GALAPAGOS NV (NASDAQ:GLPG): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 100.0, a stochastic oscillator of 100.0, a stochastic oscillator signal of 100.0, a Williams %R rating of 1192.30769 and an awesome oscillator of 0.09858.

RETURNS FOR GALAPAGOS NV (NASDAQ:GLPG): There was a daily return of 17.50208, a daily log return of 0.92083 and a cumulative return of 0.92508.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Galapagos NV (NASDAQ:GLPG)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Galapagos NV (NASDAQ:GLPG) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.