GLOBAL-E ONLINE LTD (GLBE) Stock Technical Analysis
USA - NASDAQ:GLBE - IL0011741688 - Common Stock
36.8 USD
+1.08 (+3.02%)
36.71 USD
-0.09 (-0.24%)
We assign a technical rating of 7 out of 10 to GLBE. GLBE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
GLBE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GLBE has an average volume of 1613300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, GLBE outperforms 53% of them, which is more or less in line with the market.
GLBE has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
28.84
37.67
We found 3 important support areas.
- A support zone ranging from 35.67 to 36.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.98 to 31.34. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.81 to 37.30. 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 GLBE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLBE is up. |
| ChartMill Relative Strength | 53.95 | NEUTRAL | GLBE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLBE is above 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) | 61.72 | NEUTRAL | The RSI value for GLBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests GLBE has a positive trend. |
| Stochastics (14,3) | 75.45 | NEUTRAL | The Stochastics value for GLBE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for GLBE suggests some volalility. |
| Average Directional Index/ADX (14) | 32.87 | POSITIVE | The high ADX value value for GLBE suggests a strong 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 |
|---|---|---|---|
| 37.31 | 35.66 | 1.65 (4.42%) | 22.61% |
| An entry @37.31. This is a Buy Stop order right above the resistance zone. | An exit @35.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.65 points, which is 4.42%. | For a 1.00% total portfolio risk, you can invest 22.61% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GLBE. 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.
36.8
+1.08 (+3.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg3.02%
1 Week0.41%
2 Weeks4.96%
1 Month15.58%
3 Month17.91%
6 Month-2.93%
12 Month-3.29%
2 Year-7.4%
3 Year37.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.18
ATR(20)%3.18%
ATR Inc20.92%
Range Today0.91
ADR(20)1.12
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.95
Mansfield-1.86
10 Day High37.39
10 Day Low34.82
20 Day High37.39
20 Day Low30.73
52 Week High63.69
52 Week Low26.64
CS1 End36.21
CR1 Start36.81
Volume & EV
DER(3)1.47%
DER(5)0.34%
Volume1.57M
Volume Incr-19%
Vol(5)1.34M
Vol(50)1.61M