GUARDANT HEALTH INC (GH) Stock Technical Analysis
NASDAQ:GH • US40131M1099
We assign a technical rating of 7 out of 10 to GH. In the last year, GH was one of the better performers, but we do observe some doubts in the very recent evolution.
- Looking at the yearly performance, GH did better than 94% of all other stocks. On top of that, GH also shows a nice and consistent pattern of rising prices.
- GH is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 95% of 102 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 1976570 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- In the last month GH has a been trading in the 97.52 - 120.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 102.44, 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.
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3 important support areas can be observed.
- A support zone ranging from 101.14 to 102.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 96.31 to 98.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @56.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @117.28 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 | UP | POSITIVE | The long term trend for GH is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GH is down. |
| ChartMill Relative Strength | 94.56 | POSITIVE | GH has a high relative strength, it outperformed 94.56% 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) | 46.45 | NEUTRAL | The RSI value for GH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.06 | NEGATIVE | The MACD value suggests GH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.6 | NEUTRAL | The Stochastics value for GH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.69 | HIGH VOLATILITY | The high ATR as a percentage value for GH suggests high volalility. |
| Average Directional Index/ADX (14) | 16.5 | NEGATIVE | The low ADX value for GH suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 106.00 | 101.13 | 4.87 (4.59%) | 21.78% |
| An entry @106.00. This is a Buy Stop order right above the 10 day moving average. | An exit @101.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.87 points, which is 4.59%. | When investing 21.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
104.85
+2.09 (+2.03%)
GUARDANT HEALTH INC / GH FAQ
What is the ChartMill technical rating of GUARDANT HEALTH INC (GH) stock?
ChartMill assigns a technical rating of 7 / 10 to GH.
What is the trend direction for GH stock?
The current trend direction for GUARDANT HEALTH INC (GH) is Bullish.
What is the RSI signal for GH stock?
GUARDANT HEALTH INC (GH) has an RSI value of 46.4465. 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 102.44 and a resistance level at 117.28. Check the full technical report for our detailed analysis of GH support and resistance levels.