GFS Technical Analysis - GLOBALFOUNDRIES INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to GFS. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

89% of all other stocks performed better in the past year than GFS.

GFS is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 84% of 112 stocks in the same industry do better.

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.

In the last month GFS has a been trading in the 31.66 - 34.88 range, which is quite wide. It is currently trading near the lows of this range.

GFS has an average volume of 2286850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

GLOBALFOUNDRIES INC / GFS Weekly stock chart

GLOBALFOUNDRIES INC / GFS Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, GFS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 31.54, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

31.05

40.57

When analyzing the support we notice one important area.

A support zone ranging from 31.36 to 31.54. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

Resistance @31.96 from a trend line in the daily time frame.
A resistance zone ranging from 34.50 to 34.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @38.71 from a trend line in the weekly time frame.
A resistance zone ranging from 39.53 to 40.17. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for GFS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GFS is down.
ChartMill Relative Strength	11.5	NEGATIVE	GFS has a low relative strength, it was outperformed by 88.5% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GFS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GFS is below 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)	33.33	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.
Stochastics (14,3)	6.02	OVERSOLD	The low Stochastics value suggests GFS may be oversold.
Average True Range in percent/ATR (20)	3.03	MEDIUM VOLATILITY	The ATR as a percentage value for GFS suggests some volalility.
Average Directional Index/ADX (14)	11.1	NEGATIVE	The low ADX value for GFS suggests a weak or negative trend.