GLOBALFOUNDRIES INC (GFS) Stock Technical Analysis
NASDAQ:GFS - Nasdaq - KYG393871085 - Common Stock - Currency: USD
Overall GFS gets a technical rating of 2 out of 10. GFS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, GFS is a bad performer in the overall market: 80% of all stocks are doing better.
GFS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GFS is lagging the market.
GFS has an average volume of 1953240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
GFS is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 48% of 110 stocks in the same industry.
In the last month GFS has a been trading in the 34.50 - 40.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GFS has a poor technical rating and the quality of the setup is also not perfect 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
35.43
45.57
When analyzing the support we notice one important area.
- A support zone ranging from 35.79 to 36.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 38.43 to 38.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 39.55 to 41.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @45.12 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for GFS is neutral. |
| ChartMill Relative Strength | 20.76 | NEGATIVE | GFS has a low relative strength, it was outperformed by 79.24% 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) | DOWN | MIXED | The current price of GFS is above a declining 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) | 54.62 | NEUTRAL | The RSI value for GFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.37 | NEUTRAL | The Stochastics value for GFS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for GFS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.83 | 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)
37.71
+0.84 (+2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.28%
1 Week2.64%
2 Weeks-3.6%
1 Month8.02%
3 Month-5.72%
6 Month-15.98%
12 Month-21.32%
2 Year-41.61%
3 Year-6.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%3.05%
ATR Inc83.62%
Range Today1.88
ADR(20)0.96
ADR(20)%2.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.76
Mansfield-1.38
10 Day High39.02
10 Day Low35.44
20 Day High40.11
20 Day Low34.5
52 Week High61.98
52 Week Low29.77
CS1 End36.25
CR1 Start38.43
Volume & EV
DER(3)5.61%
DER(5)3.06%
Volume2.21M
Volume Incr-1.07%
Vol(5)1.56M
Vol(50)1.95M