GLOBE LIFE INC (GL) Stock Technical Analysis
USA - NYSE:GL - US37959E1029 - Common Stock
Taking everything into account, GL scores 5 out of 10 in our technical rating. GL was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
GL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 133.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 132.56, a Stop Loss order could be placed below this zone.
More info and screens
116.00
We found 4 important support areas.
- A support zone ranging from 130.63 to 132.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 123.86 to 125.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @119.97 from a horizontal line in the daily time frame.
- A support zone ranging from 117.17 to 117.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 133.51 to 134.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 143.27 to 146.56. 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 GL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GL is neutral. |
| ChartMill Relative Strength | 72.19 | POSITIVE | GL has a high relative strength, it outperformed 72.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.78 | NEUTRAL | The RSI value for GL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests GL has a positive trend. |
| Stochastics (14,3) | 68.09 | NEUTRAL | The Stochastics value for GL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for GL suggests low volalility. |
| Average Directional Index/ADX (14) | 21.25 | NEUTRAL | The ADX value for GL suggests a possible start of a new trend. |
133.16
-0.81 (-0.6%)
GLOBE LIFE INC / GL FAQ
What is the ChartMill technical rating of GLOBE LIFE INC (GL) stock?
ChartMill assigns a technical rating of 5 / 10 to GL.
What is the current trend direction of GLOBE LIFE INC (GL) stock?
The current trend direction for GLOBE LIFE INC (GL) is Bullish.
Can you provide the RSI signal for GLOBE LIFE INC?
GLOBE LIFE INC (GL) has an RSI value of 45.7827. This indicates that the stock is currently neutral.
What is the MACD signal for GLOBE LIFE INC (GL) stock?
The MACD indicator for GLOBE LIFE INC (GL) has a value of 0.270596, indicating a bearish trend.
Can you provide the short term momentum for GLOBE LIFE INC?
The short term momentum for GLOBE LIFE INC (GL) is neutral.