GLOBALFOUNDRIES INC (GFS) Stock Technical Analysis
USA - NASDAQ:GFS - KYG393871085 - Common Stock
Overall GFS gets a technical rating of 1 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.
GFS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 32.65, a Stop Loss order could be placed below this zone.
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31.05
When analyzing the support we can see 2 important areas.
- A support zone ranging from 32.60 to 32.65. 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 33.93 to 34.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 35.08 to 35.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 37.03 to 37.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @38.99 from a trend line in the weekly time frame.
- Resistance @40.00 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 | 22.68 | NEGATIVE | GFS has a low relative strength, it was outperformed by 77.32% 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) | DOWN | NEGATIVE | The current price of GFS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.91 | NEUTRAL | The RSI value for GFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests GFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.07 | OVERSOLD | The low Stochastics value suggests GFS may be oversold. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for GFS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.34 | NEGATIVE | The low ADX value for GFS suggests a weak or negative trend. |
32.85
-0.11 (-0.33%)
GLOBALFOUNDRIES INC / GFS FAQ
What is the ChartMill technical rating of GLOBALFOUNDRIES INC (GFS) stock?
ChartMill assigns a technical rating of 1 / 10 to GFS.
What is the current trend direction of GLOBALFOUNDRIES INC (GFS) stock?
The current trend direction for GLOBALFOUNDRIES INC (GFS) is Bearish.
What is the RSI signal for GFS stock?
GLOBALFOUNDRIES INC (GFS) has an RSI value of 40.9142. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GLOBALFOUNDRIES INC?
The MACD indicator for GLOBALFOUNDRIES INC (GFS) has a value of -0.273668, indicating a bearish trend.
Can you provide the support and resistance levels for GLOBALFOUNDRIES INC?
GLOBALFOUNDRIES INC (GFS) has a support level at 32.65 and a resistance level at 33.93. Check the full technical report for our detailed analysis of GFS support and resistance levels.