Taking everything into account, GFS scores 7 out of 10 in our technical rating. GFS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although GFS has an excellent technical rating, it does not present a decent entry opportunity 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
3 important support areas can be observed.
- A support zone ranging from 35.39 to 35.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.43 to 32.60. This zone is formed by a combination of multiple trend lines 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.
We found 1 important resistance area.
- A resistance zone ranging from 39.99 to 40.43. 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 | UP | POSITIVE | The long term trend for GFS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GFS is up. |
| ChartMill Relative Strength | 68.39 | NEUTRAL | GFS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GFS is above 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) | DOWN | MIXED | The current price of GFS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.66 | OVERBOUGHT | The high RSI value suggests GFS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests GFS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.97 | OVERBOUGHT | The high Stochastics value suggests GFS may be overbought. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for GFS suggests some volalility. |
| Average Directional Index/ADX (14) | 28.89 | POSITIVE | The high ADX value value for GFS suggests a strong trend. |
39.98
-0.44 (-1.09%)
GLOBALFOUNDRIES INC / GFS FAQ
What is the ChartMill technical rating of GLOBALFOUNDRIES INC (GFS) stock?
ChartMill assigns a technical rating of 7 / 10 to GFS.
What is the current trend direction of GLOBALFOUNDRIES INC (GFS) stock?
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 70.6574. This indicates that the stock is currently overbought.
Can you provide the MACD signal for GLOBALFOUNDRIES INC?
The MACD indicator for GLOBALFOUNDRIES INC (GFS) has a value of 0.558447, indicating a bearish trend.
Can you provide the support and resistance levels for GLOBALFOUNDRIES INC?
GLOBALFOUNDRIES INC (GFS) has a support level at 35.95 and a resistance level at 39.99. Check the full technical report for our detailed analysis of GFS support and resistance levels.