GLOBALFOUNDRIES INC (GFS) Stock Technical Analysis
NASDAQ:GFS - Nasdaq - KYG393871085 - Common Stock - Currency: USD
Taking everything into account, GFS scores 5 out of 10 in our technical rating. In the last year, GFS was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, GFS is a bad performer in the overall market: 78% of all stocks are doing better.
GFS is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 68% of 110 stocks in the same industry do better.
In the last month GFS has a been trading in the 38.01 - 42.27 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GFS has an average volume of 1528010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
GFS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GFS is lagging the market.
GFS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
35.43
47.26
When analyzing the support we can see 2 important areas.
- Support @39.53 from a trend line in the daily time frame.
- 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 3 important resistance areas.
- A resistance zone ranging from 40.00 to 40.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 41.07 to 41.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 46.18 to 46.79. 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 | 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 | 22.1 | NEGATIVE | GFS has a low relative strength, it was outperformed by 77.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GFS is below 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) | 52.91 | NEUTRAL | The RSI value for GFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests GFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.89 | NEUTRAL | The Stochastics value for GFS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for GFS suggests some volalility. |
| Average Directional Index/ADX (14) | 19.68 | 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)
39.98
+0.75 (+1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.91%
1 Week-0.87%
2 Weeks-3.03%
1 Month3.12%
3 Month13.29%
6 Month-4.06%
12 Month-22.74%
2 Year-37.23%
3 Year-22.34%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.32
ATR(20)%3.15%
ATR Inc3.55%
Range Today1.53
ADR(20)1.18
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.1
Mansfield-0.92
10 Day High41.69
10 Day Low38.57
20 Day High42.27
20 Day Low38.01
52 Week High52.66
52 Week Low29.77
CS1 End39.53
CR1 Start40
Volume & EV
DER(3)2.49%
DER(5)1%
Volume1.81M
Volume Incr-19.3%
Vol(5)1.37M
Vol(50)1.53M