GLOBE LIFE INC (GL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GL - US37959E1029 - Common Stock
Taking everything into account, GL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although GL has an excellent technical rating, it does not present a decent entry opportunity 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.
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116.05
4 important support areas can be observed.
- A support zone ranging from 140.52 to 143.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 130.36 to 136.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @127.54 from a trend line in the weekly time frame.
- Support @117.22 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 145.44 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 | UP | POSITIVE | The short term trend for GL is up. |
| ChartMill Relative Strength | 78.46 | POSITIVE | GL has a high relative strength, it outperformed 78.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GL is above the rising 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) | 71.33 | OVERBOUGHT | The high RSI value suggests GL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests GL has a positive trend. |
| Stochastics (14,3) | 89.28 | OVERBOUGHT | The high Stochastics value suggests GL may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for GL suggests low volalility. |
| Average Directional Index/ADX (14) | 23.37 | NEUTRAL | The ADX value for GL suggests a possible start of a new trend. |
143.5
+1.13 (+0.79%)
GLOBE LIFE INC / GL FAQ
What is the ChartMill technical rating of GLOBE LIFE INC (GL) stock?
ChartMill assigns a technical rating of 10 / 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 71.3264. This indicates that the stock is currently overbought.
What is the MACD signal for GLOBE LIFE INC (GL) stock?
The MACD indicator for GLOBE LIFE INC (GL) has a value of 0.79851, 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 positive.