GLOBANT SA (GLOB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GLOB - LU0974299876 - Common Stock
We assign a technical rating of 4 out of 10 to GLOB. In the past year, GLOB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, GLOB does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
58.21
When analyzing the support we can see 2 important areas.
- Support @61.19 from a trend line in the daily time frame.
- Support @58.80 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 68.88 to 69.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 71.21 to 71.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for GLOB is up. |
| ChartMill Relative Strength | 13.04 | NEGATIVE | GLOB has a low relative strength, it was outperformed by 86.96% 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) | UP | POSITIVE | The current price of GLOB is above the rising 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) | 58.98 | NEUTRAL | The RSI value for GLOB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests GLOB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.85 | NEUTRAL | The Stochastics value for GLOB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for GLOB suggests some volalility. |
| Average Directional Index/ADX (14) | 29.45 | POSITIVE | The high ADX value value for GLOB suggests a strong trend. |
68.34
+1.73 (+2.6%)
GLOBANT SA / GLOB FAQ
What is the technical rating for GLOB stock?
ChartMill assigns a technical rating of 4 / 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 58.981. This indicates that the stock is currently neutral.
What is the buy/sell signal for GLOBANT SA (GLOB) stock?
The buy/sell signal for GLOBANT SA (GLOB) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for GLOBANT SA?
GLOBANT SA (GLOB) has a support level at 61.19 and a resistance level at 68.88. Check the full technical report for our detailed analysis of GLOB support and resistance levels.