GLOBALFOUNDRIES INC (GFS) Stock Technical Analysis
NASDAQ:GFS - Nasdaq - KYG393871085 - Common Stock - Currency: USD
Taking everything into account, GFS scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, GFS is a bad performer in the overall market: 89% of all stocks are doing better.
GFS is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 83% of 110 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.
GFS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
GFS has an average volume of 2112190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GFS has a poor technical rating and the quality of the setup is also only medium 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
47.26
When analyzing the support we notice one important area.
- A support zone ranging from 31.36 to 31.53. 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 33.23 to 33.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 39.55 to 40.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.29 from a horizontal line in the daily time frame.
- Resistance @46.79 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 | 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 | 11.61 | NEGATIVE | GFS has a low relative strength, it was outperformed by 88.39% 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) | 36.48 | NEUTRAL | The RSI value for GFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests GFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.95 | NEUTRAL | The Stochastics value for GFS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for GFS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.01 | NEUTRAL | The ADX value for GFS suggests a possible start of a new 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)
33.22
-0.51 (-1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.51%
1 Week1.16%
2 Weeks1.28%
1 Month-17.57%
3 Month-9.11%
6 Month-21.71%
12 Month-27.89%
2 Year-39.87%
3 Year-44.47%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.74
ATR(20)%4.78%
ATR Inc-41.6%
Range Today1.28
ADR(20)1.36
ADR(20)%4.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.61
Mansfield-2.23
10 Day High35.98
10 Day Low31.51
20 Day High41.31
20 Day Low31.51
52 Week High47.69
52 Week Low29.77
CS1 End31.53
CR1 Start33.23
Volume & EV
DER(3)-4.35%
DER(5)-2.61%
Volume2.85M
Volume Incr5.74%
Vol(5)2.69M
Vol(50)2.11M