GLOBE LIFE INC (GL) Stock Technical Analysis
NYSE:GL - New York Stock Exchange, Inc. - US37959E1029 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to GL. In the last year, GL was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
When comparing the yearly performance of all stocks, we notice that GL is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, GL also shows a nice and consistent pattern of rising prices.
GL is part of the Insurance industry. There are 143 other stocks in this industry. GL outperforms 86% of them.
GL is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so GL slightly outperforms the market at the moment.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month GL has a been trading in the 109.38 - 126.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, GL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 121.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 121.78, a Stop Loss order could be placed below this zone.
More info and screens
100.33
134.43
6 important support areas can be observed.
- A support zone ranging from 120.55 to 121.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 115.77 to 117.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @113.29 from a horizontal line in the daily time frame.
- Support @107.21 from a trend line in the daily time frame.
- Support @103.49 from a horizontal line in the daily time frame.
- Support @101.34 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 121.90 to 124.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @126.90 from a horizontal line in the weekly time frame.
- Resistance @129.77 from a horizontal line in the weekly time frame.
- Resistance @133.10 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.43
Mansfield1.52
10 Day High126.01
10 Day Low111.13
20 Day High126.01
20 Day Low109.38
52 Week High133.76
52 Week Low76.55
Performance
1 Week-0.92%
2 Weeks0.48%
1 Month-4.45%
3 Month-0.21%
6 Month17.12%
12 Month57.1%
2 Year18.08%
3 Year24.86%
5 Year58.18%
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)0.08
RSI(14)48.7
LBB117.78
UBB125.86
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 |
|---|---|---|---|
| 124.26 | 120.54 | 3.72 (2.99%) | 25.00% |
| An entry @124.26. This is a Buy Stop order right above the resistance zone. | An exit @120.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.72 points, which is 2.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The distance between exit and entry is rather small compared to the average daily movement of GL. 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.
121.83
+4.11 (+3.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg3.49%
1 Week-0.92%
2 Weeks0.48%
1 Month-4.45%
3 Month-0.21%
6 Month17.12%
12 Month57.1%
2 Year18.08%
3 Year24.86%
5 Year58.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.31
ATR(20)%4.76%
ATR Inc152.09%
Range Today6.94
ADR(20)5.16
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.43
Mansfield1.52
10 Day High126.01
10 Day Low111.13
20 Day High126.01
20 Day Low109.38
52 Week High133.76
52 Week Low76.55
CS1 End121.78
CR1 Start121.9
Volume & EV
DER(3)0.63%
DER(5)0.94%
Volume793.10K
Volume Incr39.68%
Vol(5)955.00K
Vol(50)732.08K