GLOBE LIFE INC (GL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GL - US37959E1029 - Common Stock
We assign a technical rating of 2 out of 10 to GL. Although GL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
GL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 130.81, a Stop Loss order could be placed below this zone.
More info and screens
116.05
3 important support areas can be observed.
- A support zone ranging from 130.36 to 130.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 124.76 to 126.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @117.22 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 131.44 to 135.06. 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 | NEUTRAL | NEUTRAL | The long term trend for GL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GL is down. |
| ChartMill Relative Strength | 72.88 | POSITIVE | GL has a high relative strength, it outperformed 72.88% 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) | 41.44 | NEUTRAL | The RSI value for GL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests GL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.34 | NEUTRAL | The Stochastics value for GL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for GL suggests low volalility. |
| Average Directional Index/ADX (14) | 17.12 | NEGATIVE | The low ADX value for GL suggests a weak or negative trend. |
130.82
-0.33 (-0.25%)
GLOBE LIFE INC / GL FAQ
What is the ChartMill technical rating of GLOBE LIFE INC (GL) stock?
ChartMill assigns a technical rating of 2 / 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 Bearish.
Can you provide the RSI signal for GLOBE LIFE INC?
GLOBE LIFE INC (GL) has an RSI value of 41.4391. 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 0.0827302, 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.