GLOBE LIFE INC (GL) Stock Technical Analysis
NYSE:GL - New York Stock Exchange, Inc. - US37959E1029 - Common Stock - Currency: USD
Taking everything into account, GL scores 6 out of 10 in our technical rating. GL was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that GL is one of the better performing stocks in the market, outperforming 85% of all 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 80% 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.
In the last month GL has a been trading in a tight range between 118.41 and 123.64.
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 120.63, a Stop Loss order could be placed below this zone.
More info and screens
107.23
134.43
We found 3 important support areas.
- A support zone ranging from 120.16 to 120.63. 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 117.17 to 117.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @108.31 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 120.74 to 122.79. 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 | NEUTRAL | NEUTRAL | The short term trend for GL is neutral. |
| ChartMill Relative Strength | 85.4 | POSITIVE | GL has a high relative strength, it outperformed 85.4% 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) | 48.91 | NEUTRAL | The RSI value for GL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.8 | NEUTRAL | The Stochastics value for GL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for GL suggests low volalility. |
| Average Directional Index/ADX (14) | 13.54 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 122.80 | 120.15 | 2.65 (2.16%) | 25.00% |
| An entry @122.80. This is a Buy Stop order right above the resistance zone. | An exit @120.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.65 points, which is 2.16%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.54%. |
- The distance between exit and entry is rather small compared to the average daily movement of GL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
120.63
+0.84 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.7%
1 Week-0.02%
2 Weeks-1.32%
1 Month-1.18%
3 Month-4.89%
6 Month10.28%
12 Month45.23%
2 Year10.04%
3 Year23.76%
5 Year62.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.12
ATR(20)%1.73%
ATR Inc-34.79%
Range Today1.23
ADR(20)2.05
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.4
Mansfield0.36
10 Day High123.64
10 Day Low118.55
20 Day High123.64
20 Day Low118.41
52 Week High133.76
52 Week Low80.36
CS1 End120.63
CR1 Start120.74
Volume & EV
DER(3)-1.64%
DER(5)-1.72%
Volume556.80K
Volume Incr-22.57%
Vol(5)441.99K
Vol(50)639.75K