GENMAB A/S -SP ADR (GMAB) Stock Technical Analysis
USA - NASDAQ:GMAB - US3723032062 - ADR
28.6 USD
+0.32 (+1.13%)
28.6 USD
0 (0%)
Taking everything into account, GMAB scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, GMAB has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
GMAB is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 538 stocks in the same industry.
GMAB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
GMAB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GMAB has an average volume of 1249050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GMAB is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, GMAB also presents 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 28.61. Right above this resistance zone may be a good entry point. 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
20.94
28.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.06 to 22.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.61 to 28.61. 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 | UP | POSITIVE | The long term trend for GMAB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMAB is up. |
| ChartMill Relative Strength | 84.74 | POSITIVE | GMAB has a high relative strength, it outperformed 84.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GMAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GMAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GMAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.69 | OVERBOUGHT | The high RSI value suggests GMAB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GMAB has a negative trend. |
| Stochastics (14,3) | 87.07 | OVERBOUGHT | The high Stochastics value suggests GMAB may be overbought. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for GMAB suggests low volalility. |
| Average Directional Index/ADX (14) | 45.74 | POSITIVE | The high ADX value value for GMAB 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.62 | 27.56 | 1.06 (3.69%) | 25.00% |
| An entry @28.62. This is a Buy Stop order right above the resistance zone. | An exit @27.56. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.06 points, which is 3.69%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
28.6
+0.32 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.13%
1 Week2.18%
2 Weeks4.67%
1 Month16.02%
3 Month39.51%
6 Month43.72%
12 Month17.55%
2 Year-18.91%
3 Year-10.99%
5 Year-21.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%1.83%
ATR Inc-16.94%
Range Today0.25
ADR(20)0.35
ADR(20)%1.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.74
Mansfield1.68
10 Day High28.75
10 Day Low27.58
20 Day High28.75
20 Day Low24.28
52 Week High28.75
52 Week Low17.24
CS1 End22.14
CR1 Start28.61
Volume & EV
DER(3)-3.47%
DER(5)-0.33%
Volume745.80K
Volume Incr-12.8%
Vol(5)1.25M
Vol(50)1.25M