GLOBE LIFE INC (GL) Stock Technical Analysis
NYSE:GL - New York Stock Exchange, Inc. - US37959E1029 - Common Stock - Currency: USD
Overall GL gets a technical rating of 5 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 90% 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 143 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 is also trading in the upper part of its 52 week range, so GL is performing more or less in line with the market.
In the last month GL has a been trading in the 111.13 - 124.75 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 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.
Although the technical rating is only medium, GL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 118.21, a Stop Loss order could be placed below this zone.
More info and screens
100.33
134.43
We found 4 important support areas.
- A support zone ranging from 117.17 to 118.21. 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 @107.76 from a trend line in the daily time frame.
- Support @101.34 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 120.63 to 123.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
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 | 90.11 | POSITIVE | GL has a high relative strength, it outperformed 90.11% 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) | 44.17 | NEUTRAL | The RSI value for GL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GL has a negative trend. |
| Stochastics (14,3) | 33.83 | NEUTRAL | The Stochastics value for GL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for GL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.28 | 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)
119.41
-0.15 (-0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.13%
1 Week-2.18%
2 Weeks-2.07%
1 Month-2.89%
3 Month-2.59%
6 Month8.08%
12 Month46.09%
2 Year15.73%
3 Year22.38%
5 Year55.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.12
ATR(20)%2.51%
ATR Inc-19.7%
Range Today1.73
ADR(20)2.77
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.11
Mansfield0.89
10 Day High124.22
10 Day Low117.6
20 Day High124.76
20 Day Low111.13
52 Week High133.76
52 Week Low76.55
CS1 End118.21
CR1 Start120.63
Volume & EV
DER(3)-4.05%
DER(5)-3.44%
Volume385.90K
Volume Incr-19.64%
Vol(5)563.50K
Vol(50)710.04K