Galapagos Nv (GLPG): Price Now Near $58.86; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for GLPG

Currently, GLPG (Get Ratings)’s price is down $-0.28 (-0.47%) from the hour prior. GLPG has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Pharmaceutical Products stocks, GLPG ranks 247th in regards to today’s price percentage change.

GLPG’s Technical Outlook on the Daily Chart

Currently, GLPG’s price is down $-0.57 (-0.96%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as GLPG has now gone down 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 50 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. Galapagos Nv’s price action over the past 90 days can be seen via the chart below.