GLBE Technical Analysis - GLOBAL-E ONLINE LTD

Technical Rating and Analysis

Overall GLBE gets a technical rating of 2 out of 10. GLBE performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

69% of all other stocks performed better in the past year than GLBE.

GLBE is part of the Broadline Retail industry. There are 28 other stocks in this industry, of which 81% are performing better than GLBE.

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.

In the last month GLBE has a been trading in the 34.30 - 37.88 range, which is quite wide. It is currently trading near the lows of this range.

GLBE has an average volume of 1671220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GLOBAL-E ONLINE LTD / GLBE Weekly stock chart

GLOBAL-E ONLINE LTD / GLBE Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, GLBE 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 31.50, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

28.84

38.04

2 important support areas can be observed.

A support zone ranging from 30.59 to 31.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @29.13 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 36.84 to 37.66. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 GLBE is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GLBE is down.
ChartMill Relative Strength	31.87	NEUTRAL	GLBE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GLBE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of GLBE is below 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)	46.49	NEUTRAL	The RSI value for GLBE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.32	NEGATIVE	The MACD value suggests GLBE has a negative trend.
Stochastics (14,3)	15.53	OVERSOLD	The low Stochastics value suggests GLBE may be oversold.
Average True Range in percent/ATR (20)	3.65	MEDIUM VOLATILITY	The ATR as a percentage value for GLBE suggests some volalility.
Average Directional Index/ADX (14)	22.82	NEUTRAL	The ADX value for GLBE suggests a possible start of a new trend.