GUARDANT HEALTH INC (GH) Stock Technical Analysis
NASDAQ:GH - Nasdaq - US40131M1099 - Common Stock - Currency: USD
Taking everything into account, GH scores 5 out of 10 in our technical rating. In the last year, GH was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
GH is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 89% of 103 stocks in the same industry.
GH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GH is lagging the market slightly.
GH has an average volume of 2264660 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!
Looking at the yearly performance, GH did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month GH has a been trading in the 40.35 - 52.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
GH has an average technical rating and it also does not offer a high quality setup 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
26.98
52.57
4 important support areas can be observed.
- A support zone ranging from 40.97 to 41.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.21 from a trend line in the daily time frame.
- Support @36.66 from a horizontal line in the daily time frame.
- Support @27.25 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @49.94 from a horizontal line in the daily time frame.
- Resistance @52.05 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 | 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 | 88.29 | POSITIVE | GH has a high relative strength, it outperformed 88.29% 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) | UP | MIXED | The current price of GH is below the rising 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) | 50.5 | NEUTRAL | The RSI value for GH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.71 | NEUTRAL | The Stochastics value for GH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for GH suggests some volalility. |
| Average Directional Index/ADX (14) | 22.58 | NEUTRAL | The ADX value for GH suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
46.17
+1.98 (+4.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg4.48%
1 Week6.58%
2 Weeks-0.17%
1 Month-9.15%
3 Month10.67%
6 Month3.82%
12 Month59.21%
2 Year18.14%
3 Year-7.77%
5 Year-51.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.09
ATR(20)%4.33%
ATR Inc52.98%
Range Today2.23
ADR(20)1.99
ADR(20)%4.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.29
Mansfield1.41
10 Day High46.62
10 Day Low40.35
20 Day High52.46
20 Day Low40.35
52 Week High53.42
52 Week Low20.14
CS1 End41.96
CR1 Start49.94
Volume & EV
DER(3)3.16%
DER(5)2.23%
Volume2.17M
Volume Incr138.37%
Vol(5)4.31M
Vol(50)2.26M