GLOBANT SA (GLOB) Stock Technical Analysis
USA - NYSE:GLOB - LU0974299876 - Common Stock
We assign a technical rating of 1 out of 10 to GLOB. GLOB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
GLOB has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
55.03
When analyzing the support we can see 3 important areas.
- Support @61.33 from a trend line in the daily time frame.
- A support zone ranging from 59.47 to 60.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 55.59 to 56.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @62.65 from a horizontal 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 GLOB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLOB is neutral. |
| ChartMill Relative Strength | 3.57 | NEGATIVE | GLOB has a low relative strength, it was outperformed by 96.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLOB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GLOB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLOB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.31 | NEUTRAL | The RSI value for GLOB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests GLOB has a positive trend. |
| Stochastics (14,3) | 52.61 | NEUTRAL | The Stochastics value for GLOB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for GLOB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.58 | NEGATIVE | The low ADX value for GLOB suggests a weak or negative trend. |
61.58
+1.53 (+2.55%)
GLOBANT SA / GLOB FAQ
What is the technical rating for GLOB stock?
ChartMill assigns a technical rating of 1 / 10 to GLOB.
What is the trend direction for GLOB stock?
The current trend direction for GLOBANT SA (GLOB) is Bearish.
What is the RSI signal for GLOBANT SA (GLOB) stock?
GLOBANT SA (GLOB) has an RSI value of 54.311. This indicates that the stock is currently neutral.
What are the support and resistance levels for GLOBANT SA (GLOB) stock?
GLOBANT SA (GLOB) has a support level at 61.33 and a resistance level at 62.65. Check the full technical report for our detailed analysis of GLOB support and resistance levels.