GLOBE LIFE INC (GL) Stock Technical Analysis
USA - NYSE:GL - US37959E1029 - Common Stock
134.78 USD
+1.17 (+0.88%)
134.78 USD
0 (0%)
Overall GL gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month GL has a been trading in the 132.86 - 147.83 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, GL did better than 80% of all other stocks. We also observe that the gains produced by GL over the past year are nicely spread over this period.
GL is part of the Insurance industry. There are 145 other stocks in this industry. GL outperforms 84% of them.
GL 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 GL is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
GL has an average technical rating and the quality of the presented setup is also not ideal 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
116.00
148.03
4 important support areas can be observed.
- Support @133.60 from a horizontal line in the daily time frame.
- Support @130.85 from a trend line in the weekly time frame.
- A support zone ranging from 122.54 to 123.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 117.17 to 119.97. 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 136.09 to 139.88. 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 | DOWN | NEGATIVE | The short term trend for GL is down. |
| ChartMill Relative Strength | 80.22 | POSITIVE | GL has a high relative strength, it outperformed 80.22% 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) | 40.92 | NEUTRAL | The RSI value for GL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests GL has a negative trend. |
| Stochastics (14,3) | 19.48 | OVERSOLD | The low Stochastics value suggests GL may be oversold. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for GL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.92 | NEGATIVE | The low ADX value for GL suggests a weak or negative trend. |
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)
134.78
+1.17 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.88%
1 Week-0.9%
2 Weeks-2.04%
1 Month-7.32%
3 Month10.39%
6 Month11.16%
12 Month22.84%
2 Year15.83%
3 Year16.67%
5 Year66.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.02
ATR(20)%2.09%
ATR Inc29.44%
Range Today2.29
ADR(20)2.72
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.22
Mansfield-0.1
10 Day High140.39
10 Day Low132.86
20 Day High147.83
20 Day Low132.86
52 Week High147.83
52 Week Low100.27
CS1 End133.6
CR1 Start136.09
Volume & EV
DER(3)-1.25%
DER(5)-1%
Volume437.70K
Volume Incr-24.97%
Vol(5)467.78K
Vol(50)546.58K