Taking everything into account, GH scores 10 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, GH also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 101.19, a Stop Loss order could be placed below this zone.
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52.39
4 important support areas can be observed.
- A support zone ranging from 99.74 to 101.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 97.10 to 97.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @84.51 from a trend line in the daily time frame.
- Support @52.92 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @111.25 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 | UP | POSITIVE | The short term trend for GH is up. |
| ChartMill Relative Strength | 98.62 | POSITIVE | GH has a high relative strength, it outperformed 98.62% 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 | 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) | 53.55 | NEUTRAL | The RSI value for GH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests GH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.56 | NEUTRAL | The Stochastics value for GH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for GH suggests some volalility. |
| Average Directional Index/ADX (14) | 17.59 | 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 |
|---|---|---|---|
| 104.76 | 99.73 | 5.03 (4.80%) | 20.83% |
| An entry @104.76. This is a Buy Stop order right above the 10 day high. | An exit @99.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.03 points, which is 4.80%. | When investing 20.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
101.74
-0.4 (-0.39%)
GUARDANT HEALTH INC / GH FAQ
What is the ChartMill technical rating of GUARDANT HEALTH INC (GH) stock?
ChartMill assigns a technical rating of 10 / 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 53.5514. 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 positive.
What is the support and resistance level for GH stock?
GUARDANT HEALTH INC (GH) has a support level at 101.19 and a resistance level at 111.25. Check the full technical report for our detailed analysis of GH support and resistance levels.