GLO Technical Analysis - GL EVENTS

Technical Rating and Analysis

Overall GLO gets a technical rating of 5 out of 10. In the last year, GLO was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

GLO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Warning: GLO has an average volume of 21125 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Looking at the yearly performance, GLO did better than 88% of all other stocks. We also observe that the gains produced by GLO over the past year are nicely spread over this period.

GLO is part of the Commercial Services & Supplies industry. There are 41 other stocks in this industry. GLO outperforms 92% of them.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

GLO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GLO is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, GLO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 28.85, 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

18.73

31.36

We found 3 important support areas.

Support @28.50 from a horizontal line in the daily time frame.
Support @23.00 from a trend line in the weekly time frame.
Support @18.92 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 28.70 to 29.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 30.43 to 31.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for GLO.PA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GLO.PA is down.
ChartMill Relative Strength	88.19	POSITIVE	GLO.PA has a high relative strength, it outperformed 88.19% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GLO.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GLO.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GLO.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	42.01	NEUTRAL	The RSI value for GLO.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests GLO.PA has a positive trend.
Stochastics (14,3)	51.5	NEUTRAL	The Stochastics value for GLO.PA is a neutral value.
Average True Range in percent/ATR (20)	3.01	MEDIUM VOLATILITY	The ATR as a percentage value for GLO.PA suggests some volalility.
Average Directional Index/ADX (14)	14.93	NEGATIVE	The low ADX value for GLO.PA suggests a weak or negative trend.