GLOBANT SA (GLOB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GLOB - LU0974299876 - Common Stock
We assign a technical rating of 3 out of 10 to GLOB. Recently some decent action could be observed, but in the medium term time frame this is still negative. GLOB was also a bad performer in the overall market in the last year.
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 a resistance zone just above the current price starting at 62.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 62.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLOB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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55.03
3 important support areas can be observed.
- A support zone ranging from 62.57 to 62.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 58.80 to 59.73. 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.
- A resistance zone ranging from 62.99 to 63.90. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 7.34 | NEGATIVE | GLOB has a low relative strength, it was outperformed by 92.66% 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) | 54.71 | NEUTRAL | The RSI value for GLOB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests GLOB has a positive trend. |
| Stochastics (14,3) | 64.47 | NEUTRAL | The Stochastics value for GLOB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for GLOB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.5 | NEUTRAL | The ADX value for GLOB suggests a possible start of a new trend. |
62.98
-0.21 (-0.33%)
GLOBANT SA / GLOB FAQ
What is the technical rating for GLOB stock?
ChartMill assigns a technical rating of 3 / 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 54.7077. 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 62.64 and a resistance level at 62.99. Check the full technical report for our detailed analysis of GLOB support and resistance levels.