Taking everything into account, GH scores 6 out of 10 in our technical rating. In the last year, GH was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month GH has a been trading in the 97.52 - 120.74 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Looking at the yearly performance, GH did better than 94% of all other stocks.
- GH is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. GH outperforms 93% of them.
- 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 1996180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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
50.81
We found 4 important support areas.
- Support @98.36 from a horizontal line in the daily time frame.
- Support @94.28 from a trend line in the daily time frame.
- Support @55.53 from a trend line in the weekly time frame.
- Support @51.32 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 114.75 to 114.90. 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 | DOWN | NEGATIVE | The short term trend for GH is down. |
| ChartMill Relative Strength | 94.87 | POSITIVE | GH has a high relative strength, it outperformed 94.87% 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) | 40.67 | NEUTRAL | The RSI value for GH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.86 | NEGATIVE | The MACD value suggests GH has a negative trend. |
| Stochastics (14,3) | 14 | OVERSOLD | The low Stochastics value suggests GH may be oversold. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for GH suggests high volalility. |
| Average Directional Index/ADX (14) | 18.57 | NEGATIVE | The low ADX value for GH suggests a weak or negative trend. |
101.85
+3.49 (+3.55%)
GUARDANT HEALTH INC / GH FAQ
What is the ChartMill technical rating of GUARDANT HEALTH INC (GH) stock?
ChartMill assigns a technical rating of 6 / 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 40.6722. 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 98.36 and a resistance level at 114.75. Check the full technical report for our detailed analysis of GH support and resistance levels.