GLOBALFOUNDRIES INC (GFS) Stock Technical Analysis
NASDAQ:GFS • KYG393871085
Taking everything into account, GFS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, GFS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- GFS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GFS is lagging the market slightly.
- GFS has an average volume of 4779720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that GFS is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- GFS is part of the Semiconductors & Semiconductor Equipment industry. There are 114 other stocks in this industry, GFS did better than 43% of them.
- In the last month GFS has a been trading in the 39.18 - 50.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although GFS has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
31.22
We found 5 important support areas.
- A support zone ranging from 46.18 to 46.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.36 to 44.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @40.68 from a horizontal line in the daily time frame.
- Support @32.60 from a horizontal line in the daily time frame.
- A support zone ranging from 31.54 to 31.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.00 to 49.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for GFS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GFS is up. |
| ChartMill Relative Strength | 83.69 | POSITIVE | GFS has a high relative strength, it outperformed 83.69% 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) | UP | POSITIVE | The current price of GFS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.27 | NEUTRAL | The RSI value for GFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.65 | NEUTRAL | The Stochastics value for GFS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.04 | HIGH VOLATILITY | The high ATR as a percentage value for GFS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.94 | NEUTRAL | The ADX value for GFS suggests a possible start of a new trend. |
47.62
+1.46 (+3.16%)
GLOBALFOUNDRIES INC / GFS FAQ
What is the ChartMill technical rating of GLOBALFOUNDRIES INC (GFS) stock?
ChartMill assigns a technical rating of 9 / 10 to GFS.
Can you provide the trend direction for GLOBALFOUNDRIES INC?
The current trend direction for GLOBALFOUNDRIES INC (GFS) is Bullish.
What is the RSI signal for GFS stock?
GLOBALFOUNDRIES INC (GFS) has an RSI value of 60.2656. This indicates that the stock is currently neutral.
What is the short term momentum for GFS stock?
The short term momentum for GLOBALFOUNDRIES INC (GFS) is positive.
What is the support and resistance level for GFS stock?
GLOBALFOUNDRIES INC (GFS) has a support level at 46.85 and a resistance level at 49. Check the full technical report for our detailed analysis of GFS support and resistance levels.