GLOBANT SA (GLOB) Stock Technical Analysis
NYSE:GLOB - New York Stock Exchange, Inc. - LU0974299876 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to GLOB. GLOB 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.
When comparing the yearly performance of all stocks, GLOB is a bad performer in the overall market: 93% of all stocks are doing better.
GLOB is one of the lesser performing stocks in the IT Services industry. 81% of 81 stocks in the same industry do better.
GLOB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
GLOB 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.
GLOB has an average volume of 1243480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GLOB has a poor technical rating and the quality of the setup is also 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
89.93
104.31
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 94.00 to 94.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @103.28 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 | DOWN | NEGATIVE | The short term trend for GLOB is down. |
| ChartMill Relative Strength | 7 | NEGATIVE | GLOB has a low relative strength, it was outperformed by 93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLOB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLOB is below 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) | 39.2 | NEUTRAL | The RSI value for GLOB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests GLOB has a positive trend. |
| Stochastics (14,3) | 26.5 | NEUTRAL | The Stochastics value for GLOB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for GLOB suggests some volalility. |
| Average Directional Index/ADX (14) | 33.76 | POSITIVE | The high ADX value value for GLOB 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)
90.84
-0.29 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.32%
1 Week2.74%
2 Weeks-3.4%
1 Month-7.39%
3 Month-9.66%
6 Month-58.57%
12 Month-48.61%
2 Year-49.45%
3 Year-47.79%
5 Year-39.38%
10 Year198.52%
15 YearN/A
Volatility
ATR(14)3.39
ATR(20)%3.67%
ATR Inc-27.27%
Range Today1.89
ADR(20)3.06
ADR(20)%3.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7
Mansfield-5.07
10 Day High96.99
10 Day Low86.02
20 Day High105.43
20 Day Low86.02
52 Week High238.32
52 Week Low86.02
CS1 EndN/A
CR1 Start94.98
Volume & EV
DER(3)1.83%
DER(5)1.05%
Volume768.50K
Volume Incr8.4%
Vol(5)1.16M
Vol(50)1.24M