GLOBE LIFE INC (GL) Stock Technical Analysis
USA - NYSE:GL - US37959E1029 - Common Stock
133.97 USD
+1.66 (+1.25%)
133.97 USD
0 (0%)
Overall GL gets a technical rating of 4 out of 10. 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.
Looking at the yearly performance, GL did better than 70% 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 146 other stocks in this industry. GL outperforms 77% of them.
In the last month GL has a been trading in the 127.84 - 137.66 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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.
GL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 133.54, a Stop Loss order could be placed below this zone.
More info and screens
116.00
148.03
We found 4 important support areas.
- A support zone ranging from 130.63 to 133.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 123.79 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 134.48 to 134.92. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- 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 | 70.12 | POSITIVE | GL has a high relative strength, it outperformed 70.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GL is above 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) | 48.13 | NEUTRAL | The RSI value for GL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests GL has a positive trend. |
| Stochastics (14,3) | 63.32 | NEUTRAL | The Stochastics value for GL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for GL suggests low volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for GL suggests a possible start of a new 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)
133.97
+1.66 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.25%
1 Week0.16%
2 Weeks1.7%
1 Month-2.99%
3 Month-1.08%
6 Month9.75%
12 Month22.68%
2 Year8.8%
3 Year11.68%
5 Year43.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.33
ATR(20)%1.9%
ATR Inc-17.69%
Range Today2.44
ADR(20)2.42
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.12
3 months CRS31.53
6 months CRS61.32
Mansfield-0.48
10 Day High134.62
10 Day Low127.85
20 Day High137.66
20 Day Low127.85
52 Week High147.83
52 Week Low100.27
CS1 End133.54
CR1 Start134.48
Volume & EV
DER(3)-1.4%
DER(5)-1.78%
Volume512.90K
Volume Incr-18.64%
Vol(5)501.68K
Vol(50)574.05K
GLOBE LIFE INC / GL FAQ
What is the ChartMill technical rating of GLOBE LIFE INC (GL) stock?
ChartMill assigns a technical rating of 4 / 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 48.1342. 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 0.23654, 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 negative.