GLOBAL ATOMIC CORP (GLO.CA) Stock Technical Analysis
TSX:GLO - Toronto Stock Exchange - CA37957M1068 - Common Stock - Currency: CAD
Taking everything into account, GLO scores 4 out of 10 in our technical rating. GLO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is only medium, GLO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.86, a Stop Loss order could be placed below this zone.
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0.71
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.86 to 0.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.72 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.97 to 0.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.03 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 | NEUTRAL | NEUTRAL | The long term trend for GLO.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLO.CA is neutral. |
| ChartMill Relative Strength | 49.8 | NEUTRAL | GLO.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLO.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.86 | NEUTRAL | The RSI value for GLO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GLO.CA has a negative trend. |
| Stochastics (14,3) | 16.38 | OVERSOLD | The low Stochastics value suggests GLO.CA may be oversold. |
| Average True Range in percent/ATR (20) | 8.19 | HIGH VOLATILITY | The high ATR as a percentage value for GLO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.97 | POSITIVE | The high ADX value value for GLO.CA suggests a strong trend. |
TSX:GLO (6/12/2025, 7:00:00 PM)
0.87
0 (0%)