GLOBALFOUNDRIES INC (GFS) Stock Technical Analysis
USA - NASDAQ:GFS - KYG393871085 - Common Stock
32.96 USD
-2.37 (-6.71%)
33.26 USD
+0.3 (+0.91%)
Overall GFS gets a technical rating of 2 out of 10. GFS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
87% of all other stocks performed better in the past year than GFS.
GFS is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 81% 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.
GFS has an average volume of 3292960 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!
In the last month GFS has a been trading in the 31.59 - 38.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of GFS is bad and it also does not present a quality setup 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
31.05
40.40
2 important support areas can be observed.
- Support @32.25 from a trend line in the daily time frame.
- 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.
- A resistance zone ranging from 35.40 to 36.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.04 to 37.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @38.62 from a trend line in the daily time frame.
- A resistance zone ranging from 39.70 to 40.00. 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 | 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 | 13.2 | NEGATIVE | GFS has a low relative strength, it was outperformed by 86.8% 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) | 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) | 43.3 | NEUTRAL | The RSI value for GFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GFS has a negative trend. |
| Stochastics (14,3) | 40.36 | NEUTRAL | The Stochastics value for GFS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for GFS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.07 | 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)
32.96
-2.37 (-6.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-6.71%
1 Week-7.96%
2 Weeks-7.39%
1 Month4.07%
3 Month-20.06%
6 Month-1.11%
12 Month-19.31%
2 Year-33.58%
3 Year-41.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.79
ATR(20)%4.77%
ATR Inc20.01%
Range Today2.6
ADR(20)1.4
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.2
Mansfield-2.11
10 Day High38.34
10 Day Low32.94
20 Day High38.34
20 Day Low31.59
52 Week High47.69
52 Week Low29.77
CS1 End32.25
CR1 Start35.4
Volume & EV
DER(3)3.83%
DER(5)1.44%
Volume4.39M
Volume Incr-13.84%
Vol(5)3.31M
Vol(50)3.29M