GULFMARK OFFSHORE INC (GLF) Stock Technical Analysis
NYSE:GLF - New York Stock Exchange, Inc. - US4026295059
We assign a technical rating of 0 out of 10 to GLF. GLF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
71% of all other stocks performed better in the past year than GLF.
GLF 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 GLF has a been trading in the 26.39 - 36.33 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: GLF has an average volume of 17300 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of GLF is bad and it also does not present a quality setup 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
28.09
38.51
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 29.80 to 29.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 30.66 to 31.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @38.13 from a trend 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 | DOWN | NEGATIVE | The long term trend for GLF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLF is down. |
| ChartMill Relative Strength | 29.3 | NEGATIVE | GLF has a low relative strength, it was outperformed by 70.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.22 | NEUTRAL | The RSI value for GLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests GLF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.56 | OVERSOLD | The low Stochastics value suggests GLF may be oversold. |
| Average True Range in percent/ATR (20) | 7.58 | HIGH VOLATILITY | The high ATR as a percentage value for GLF suggests high volalility. |
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)
NYSE:GLF (11/15/2018, 8:06:30 PM)
28.37
+1.65 (+6.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.18%
1 Week-7.01%
2 Weeks-6.43%
1 Month-17.84%
3 Month-24.08%
6 Month-15.77%
12 Month-3.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.97
ATR(20)%7.58%
ATR Inc-24.83%
Range Today2.23
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.3
Mansfield-1.11
10 Day High31.08
10 Day Low26.39
20 Day High36.33
20 Day Low26.39
52 Week High39
52 Week Low25.45
CS1 EndN/A
CR1 Start29.8
Volume & EV
DER(3)-6.03%
DER(5)-2.15%
Volume113.30K
Volume Incr185.86%
Vol(5)34.16K
Vol(50)17.30K