GUARDANT HEALTH INC (GH) Stock Technical Analysis
NASDAQ:GH - Nasdaq - US40131M1099 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to GH. Both in the recent history as in the last year, GH has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, GH did better than 92% 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 102 other stocks in this industry. GH outperforms 88% of them.
GH is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GH is leading the market.
In the last month GH has a been trading in the 36.36 - 51.71 range, which is quite wide. It is currently trading near the high of this range.
GH has an average volume of 2349050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although GH has an excellent technical rating, the quality of the presented setup is not ideal 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
25.84
51.09
When analyzing the support we can see 6 important areas.
- A support zone ranging from 49.01 to 49.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 44.17 to 44.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.33 from a trend line in the weekly time frame.
- Support @39.17 from a trend line in the daily time frame.
- Support @36.66 from a horizontal line in the daily time frame.
- Support @26.10 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.58 to 50.58. 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 GH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GH is up. |
| ChartMill Relative Strength | 92.81 | POSITIVE | GH has a high relative strength, it outperformed 92.81% 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) | UP | POSITIVE | The current price of GH is above 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) | 69.47 | NEUTRAL | The RSI value for GH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests GH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.3 | OVERBOUGHT | The high Stochastics value suggests GH may be overbought. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for GH suggests some volalility. |
| Average Directional Index/ADX (14) | 27.06 | POSITIVE | The high ADX value value for GH suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 50.59 | 49.00 | 1.59 (3.14%) | 25.00% |
| An entry @50.59. This is a Buy Stop order right above the resistance zone. | An exit @49.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.59 points, which is 3.14%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
50.57
+1.04 (+2.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.1%
1 Week3.14%
2 Weeks5.88%
1 Month26.52%
3 Month9.7%
6 Month59.68%
12 Month71.08%
2 Year41.26%
3 Year25.36%
5 Year-37.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.75
ATR(20)%4.78%
ATR Inc0.9%
Range Today3.08
ADR(20)2.37
ADR(20)%4.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.81
Mansfield3.69
10 Day High51.71
10 Day Low46.4
20 Day High51.71
20 Day Low36.36
52 Week High52.92
52 Week Low20.14
CS1 End49.28
CR1 Start50.58
Volume & EV
DER(3)5.9%
DER(5)3.79%
Volume2.92M
Volume Incr0.98%
Vol(5)2.07M
Vol(50)2.35M