Overall GMAB gets a technical rating of 10 out of 10. 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.
Although GMAB has an excellent technical rating, the quality of the presented setup is not ideal 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.
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24.33
3 important support areas can be observed.
- A support zone ranging from 32.05 to 32.37. 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 28.61 to 28.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.58 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 33.57 to 33.73. 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 | 90.93 | POSITIVE | GMAB has a high relative strength, it outperformed 90.93% 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) | 63.82 | NEUTRAL | The RSI value for GMAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests GMAB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.21 | OVERBOUGHT | The high Stochastics value suggests GMAB may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for GMAB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.8 | POSITIVE | The high ADX value value for GMAB suggests a strong trend. |
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 |
|---|---|---|---|
| 33.74 | 32.04 | 1.70 (5.04%) | 19.85% |
| An entry @33.74. This is a Buy Stop order right above the resistance zone. | An exit @32.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.70 points, which is 5.04%. | For a 1.00% total portfolio risk, you can invest 19.85% 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.
33.42
-0.3 (-0.89%)
GENMAB A/S -SP ADR / GMAB FAQ
What is the ChartMill technical rating of GENMAB A/S -SP ADR (GMAB) stock?
ChartMill assigns a technical rating of 10 / 10 to GMAB.
What is the current trend direction of GENMAB A/S -SP ADR (GMAB) stock?
The current trend direction for GENMAB A/S -SP ADR (GMAB) is Bullish.
Can you provide the RSI signal for GENMAB A/S -SP ADR?
GENMAB A/S -SP ADR (GMAB) has an RSI value of 63.8216. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GENMAB A/S -SP ADR?
The MACD indicator for GENMAB A/S -SP ADR (GMAB) has a value of 0.168615, indicating a bearish trend.
Can you provide the support and resistance levels for GENMAB A/S -SP ADR?
GENMAB A/S -SP ADR (GMAB) has a support level at 32.37 and a resistance level at 33.57. Check the full technical report for our detailed analysis of GMAB support and resistance levels.