GLOBE LIFE INC (GL)

US37959E1029 - Common Stock

116.505  -0.09 (-0.08%)

Technical Rating and Analysis

1

Taking everything into account, GL scores 1 out of 10 in our technical rating. GL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
GL is part of the Insurance industry. There are 140 other stocks in this industry, of which 71% are performing better than GL.
In the last month GL has a been trading in the 113.83 - 129.06 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the performance of all stocks over the past year, GL turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
GL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GL is lagging the market.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
GL Weekly chart
GL Daily chart
Setup Rating and Analysis

7

GL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 116.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GL 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.
Support and Resistance Analysis

104.00

129.68

We found 3 important support areas.

  • A support zone ranging from 114.69 to 115.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 109.86 to 111.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @105.05 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

  • A resistance zone ranging from 120.50 to 122.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 126.90 to 128.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.3
Mansfield-1.22
10 Day High120.95
10 Day Low113.83
20 Day High129.06
20 Day Low113.83
52 Week High132
52 Week Low102.23
Performance
1 Week-1.09%
2 Weeks-2.08%
1 Month-9.19%
3 Month-4.21%
6 Month7.24%
12 Month5.98%
2 Year15.9%
3 Year20.67%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.47
RSI(14)34.68
LBB112.11
UBB124.49
GL Daily chart

GLOBE LIFE INC

NYSE:GL (3/28/2024, 9:58:35 AM)

116.505

-0.09 (-0.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.08%
1 Week-1.09%
2 Weeks-2.08%
1 Month-9.19%
3 Month-4.21%
6 Month7.24%
12 Month5.98%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.83
ATR(20)%2.18%
ATR Inc
Range Today0.96
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High120.95
10 Day Low113.83
20 Day High129.06
20 Day Low113.83
52 Week High132
52 Week Low102.23
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume40.18K
Volume Incr35.12%
Vol(5)1.12M
Vol(50)697.15K