GUARDANT HEALTH INC (GH) Technical Analysis
NASDAQ:GH • US40131M1099
Current stock price
GH Technical Rating and Analysis
Taking everything into account, GH scores 6 out of 10 in our technical rating. Although GH is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, GH did better than 83% of all other stocks. On top of that, GH also shows a nice and consistent pattern of rising prices.
- GH is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry. GH outperforms 81% of them.
- In the last month GH has a been trading in the 74.55 - 99.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- GH has an average volume of 2012670 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!
- GH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GH is lagging the market.
GH Weekly and Daily overview Charts
GH Setup Rating and Analysis
GH has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
GH Support and Resistance Analysis
54.73
4 important support areas can be observed.
- Support @80.76 from a trend line in the daily time frame.
- A support zone ranging from 78.60 to 78.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.28 from a trend line in the weekly time frame.
- Support @55.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @89.32 from a trend line in the daily time frame.
- A resistance zone ranging from 93.83 to 93.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
GH 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 | NEUTRAL | NEUTRAL | The long term trend for GH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GH is neutral. |
| ChartMill Relative Strength | 83.63 | POSITIVE | GH has a high relative strength, it outperformed 83.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.8 | NEUTRAL | The RSI value for GH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests GH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.2 | NEUTRAL | The Stochastics value for GH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for GH suggests high volalility. |
| Average Directional Index/ADX (14) | 17.92 | NEGATIVE | The low ADX value for GH suggests a weak or negative trend. |
GH Chart- and CandleStick Pattern Analysis
GH Technicals: Chart, Performance Metrics, Trend & Indicators
88.91
+1.04 (+1.18%)
GUARDANT HEALTH INC / GH TA FAQ
What is the ChartMill technical rating of GUARDANT HEALTH INC (GH) stock?
ChartMill assigns a technical rating of 6 / 10 to GH.
Can you provide the trend direction for GUARDANT HEALTH INC?
The current trend direction for GUARDANT HEALTH INC (GH) is Bearish.
Can you provide the RSI signal for GUARDANT HEALTH INC?
GUARDANT HEALTH INC (GH) has an RSI value of 49.7981. This indicates that the stock is currently neutral.
What are the support and resistance levels for GUARDANT HEALTH INC (GH) stock?
GUARDANT HEALTH INC (GH) has a support level at 80.76 and a resistance level at 89.32. Check the full technical report for our detailed analysis of GH support and resistance levels.