GLOBAL-E ONLINE LTD (GLBE) Stock Technical Analysis
NASDAQ:GLBE - Nasdaq - IL0011741688 - Common Stock - Currency: USD
Overall GLBE gets a technical rating of 2 out of 10. In the past year, GLBE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, GLBE is a bad performer in the overall market: 71% of all stocks are doing better.
GLBE is one of the lesser performing stocks in the Broadline Retail industry. 66% of 28 stocks in the same industry do better.
GLBE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
GLBE has an average volume of 1777050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GLBE has a been trading in the 31.90 - 35.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
GLBE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 32.32, a Stop Loss order could be placed below this zone.
More info and screens
28.84
35.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.31 to 32.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.70 from a horizontal line in the daily time frame.
- A support zone ranging from 29.13 to 29.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.63 to 34.85. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for GLBE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLBE is neutral. |
| ChartMill Relative Strength | 29.17 | NEGATIVE | GLBE has a low relative strength, it was outperformed by 70.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLBE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLBE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLBE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.96 | NEUTRAL | The RSI value for GLBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GLBE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.76 | NEUTRAL | The Stochastics value for GLBE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for GLBE suggests some volalility. |
| Average Directional Index/ADX (14) | 8.48 | NEGATIVE | The low ADX value for GLBE 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)
33.21
-0.97 (-2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-2.84%
1 Week-4.68%
2 Weeks-0.27%
1 Month1.1%
3 Month-9.14%
6 Month-44.55%
12 Month5.23%
2 Year-26.28%
3 Year45.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.12
ATR(20)%3.29%
ATR Inc18.65%
Range Today1.43
ADR(20)1.07
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.17
Mansfield-2.48
10 Day High35.3
10 Day Low32.82
20 Day High35.3
20 Day Low31.9
52 Week High63.69
52 Week Low26.64
CS1 End32.32
CR1 Start33.63
Volume & EV
DER(3)0.5%
DER(5)0.53%
Volume959.30K
Volume Incr-37.38%
Vol(5)900.74K
Vol(50)1.78M