Global Graphics S.A. (GLOG.BR) Stock Technical Analysis
Europe • Euronext Brussels • EBR:GLOG • GB00BYN5BY03
We assign a technical rating of 4 out of 10 to GLOG. GLOG has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month GLOG has a been trading in the 4.80 - 5.20 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: GLOG has an average volume of 3395 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- GLOG is part of the Software industry. There are 122 other stocks in this industry. GLOG outperforms 85% of them.
- GLOG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GLOG is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When compared to the yearly performance of all other stocks, GLOG outperforms 68% of them, which is more or less in line with the market.
- Considerably lower volume is observed in the last couple of days.
GLOG has an average technical rating and also the quality of the setup is 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
3.59
We found 5 important support areas.
- A support zone ranging from 4.84 to 4.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.70 to 4.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 4.52 to 4.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.03 from a trend line in the weekly time frame.
- Support @3.63 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for GLOG.BR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLOG.BR is down. |
| ChartMill Relative Strength | 68.6 | NEUTRAL | GLOG.BR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLOG.BR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLOG.BR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLOG.BR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.92 | NEUTRAL | The RSI value for GLOG.BR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GLOG.BR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.88 | OVERSOLD | The low Stochastics value suggests GLOG.BR may be oversold. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for GLOG.BR suggests some volalility. |
EBR:GLOG (10/19/2021, 7:00:00 PM)
4.9
+0.04 (+0.82%)
Global Graphics S.A. / GLOG.BR FAQ
What is the ChartMill technical rating of Global Graphics S.A. (GLOG.BR) stock?
ChartMill assigns a technical rating of 4 / 10 to GLOG.BR.
What is the trend direction for GLOG stock?
The current trend direction for Global Graphics S.A. (GLOG.BR) is Bullish.
What is the RSI signal for GLOG stock?
Global Graphics S.A. (GLOG.BR) has an RSI value of 48.9194. This indicates that the stock is currently neutral.
What is the short term momentum for Global Graphics S.A. (GLOG.BR) stock?
The short term momentum for Global Graphics S.A. (GLOG.BR) is negative.
Can you provide the buy/sell signal for Global Graphics S.A.?
The buy/sell signal for Global Graphics S.A. (GLOG.BR) is hold as the short term and long term trends are mixed.