GLOBALFOUNDRIES INC (GFS) Technical Analysis
NASDAQ:GFS • KYG393871085
Current stock price
GFS Technical Rating and Analysis
Overall GFS gets a technical rating of 5 out of 10. GFS has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- GFS is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 61% are performing better than GFS.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- GFS has an average volume of 4151010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Looking at the yearly performance, GFS did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- GFS is currently trading in the middle 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 slightly.
- In the last month GFS has a been trading in the 40.99 - 50.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GFS Weekly and Daily overview Charts
GFS Setup Rating and Analysis
GFS has an average technical rating and also the quality of the setup is 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
GFS Support and Resistance Analysis
31.22
3 important support areas can be observed.
- A support zone ranging from 41.58 to 42.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.60 from a horizontal line in the daily time frame.
- A support zone ranging from 31.54 to 31.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 48.59 to 49.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
GFS 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 | UP | POSITIVE | The long term trend for GFS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GFS is down. |
| ChartMill Relative Strength | 77 | POSITIVE | GFS has a high relative strength, it outperformed 77% 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) | UP | MIXED | The current price of GFS is below 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) | 44.5 | NEUTRAL | The RSI value for GFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests GFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.46 | NEUTRAL | The Stochastics value for GFS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for GFS suggests high volalility. |
| Average Directional Index/ADX (14) | 19.02 | NEGATIVE | The low ADX value for GFS suggests a weak or negative trend. |
GFS Chart- and CandleStick Pattern Analysis
GFS Technicals: Chart, Performance Metrics, Trend & Indicators
43.25
-0.52 (-1.19%)
GLOBALFOUNDRIES INC / GFS TA FAQ
What is the ChartMill technical rating of GLOBALFOUNDRIES INC (GFS) stock?
ChartMill assigns a technical rating of 5 / 10 to GFS.
Can you provide the trend direction for GLOBALFOUNDRIES INC?
The current trend direction for GLOBALFOUNDRIES INC (GFS) is Bullish.
What is the RSI signal for GFS stock?
GLOBALFOUNDRIES INC (GFS) has an RSI value of 44.4955. This indicates that the stock is currently neutral.
What is the short term momentum for GFS stock?
The short term momentum for GLOBALFOUNDRIES INC (GFS) is negative.
What is the support and resistance level for GFS stock?
GLOBALFOUNDRIES INC (GFS) has a support level at 42.01 and a resistance level at 48.59. Check the full technical report for our detailed analysis of GFS support and resistance levels.