GLOBALFOUNDRIES INC (GFS) Stock Technical Analysis
NASDAQ:GFS - Nasdaq - KYG393871085 - Common Stock - Currency: USD
Overall GFS gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. GFS was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GFS is a bad performer in the overall market: 79% of all stocks are doing better.
GFS is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 66% are performing better than GFS.
GFS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month GFS has a been trading in the 35.44 - 39.80 range, which is quite wide. It is currently trading near the high of this range.
GFS has an average volume of 1616200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GFS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 40.00. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GFS in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
35.43
47.35
We found 3 important support areas.
- Support @38.72 from a trend line in the daily time frame.
- A support zone ranging from 36.45 to 37.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.79 to 35.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 40.00 to 40.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong resistance @41.02 from a horizontal line in the daily time frame.
- A resistance zone ranging from 44.89 to 45.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.88 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for GFS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GFS is up. |
| ChartMill Relative Strength | 21.74 | NEGATIVE | GFS has a low relative strength, it was outperformed by 78.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GFS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GFS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GFS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.63 | NEUTRAL | The RSI value for GFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GFS has a positive trend. |
| Stochastics (14,3) | 61.72 | NEUTRAL | The Stochastics value for GFS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for GFS suggests some volalility. |
| Average Directional Index/ADX (14) | 13.63 | NEGATIVE | The low ADX value for GFS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
39.09
+1.04 (+2.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.73%
1 Week3.96%
2 Weeks1.82%
1 Month6.95%
3 Month5.96%
6 Month-11.52%
12 Month-22.69%
2 Year-39.47%
3 Year-3.1%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%3.07%
ATR Inc6.18%
Range Today0.65
ADR(20)1.07
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.74
Mansfield-1.01
10 Day High39.8
10 Day Low36.37
20 Day High39.8
20 Day Low35.44
52 Week High61.98
52 Week Low29.77
CS1 End38.72
CR1 Start40
Volume & EV
DER(3)3.11%
DER(5)2.64%
Volume1.35M
Volume Incr40.19%
Vol(5)1.97M
Vol(50)1.62M