GUARDANT HEALTH INC (GH) Technical Analysis
NASDAQ:GH • US40131M1099
We assign a technical rating of 3 out of 10 to GH. 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.
- In the last month GH has a been trading in the 88.21 - 113.78 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that GH is one of the better performing stocks in the market, outperforming 91% of all stocks.
- GH is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. GH outperforms 88% of them.
- GH has an average volume of 1960040 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, the long term trend is neutral. Not much exciting going on here.
- 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 has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 90.48, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
52.59
When analyzing the support we can see 3 important areas.
- A support zone ranging from 90.48 to 90.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.15 from a trend line in the weekly time frame.
- Support @53.12 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 97.97 to 98.52. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for GH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GH is down. |
| ChartMill Relative Strength | 91.93 | POSITIVE | GH has a high relative strength, it outperformed 91.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GH is below a declining 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) | 33.33 | NEUTRAL | The RSI value for GH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests GH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.77 | OVERSOLD | The low Stochastics value suggests GH may be oversold. |
| Average True Range in percent/ATR (20) | 6.21 | HIGH VOLATILITY | The high ATR as a percentage value for GH suggests high volalility. |
| Average Directional Index/ADX (14) | 27.47 | POSITIVE | The high ADX value value for GH suggests a strong trend. |
GH Technicals: Chart, Performance Metrics, Trend & Indicators
90.49
-0.71 (-0.78%)
GUARDANT HEALTH INC / GH FAQ
What is the ChartMill technical rating of GUARDANT HEALTH INC (GH) stock?
ChartMill assigns a technical rating of 3 / 10 to GH.
What is the trend direction for GH stock?
The current trend direction for GUARDANT HEALTH INC (GH) is Bearish.
What is the RSI signal for GH stock?
GUARDANT HEALTH INC (GH) has an RSI value of 33.3307. This indicates that the stock is currently neutral.
What is the short term momentum for GH stock?
The short term momentum for GUARDANT HEALTH INC (GH) is negative.
What is the support and resistance level for GH stock?
GUARDANT HEALTH INC (GH) has a support level at 90.48 and a resistance level at 97.97. Check the full technical report for our detailed analysis of GH support and resistance levels.