Taking everything into account, GMAB scores 10 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.
Besides having an excellent technical rating, GMAB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 33.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.36, a Stop Loss order could be placed below this zone. 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
23.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 31.59 to 32.36. 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 @24.44 from a trend line in the daily time frame.
- Support @23.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.17 to 33.57. 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 | 90.55 | POSITIVE | GMAB has a high relative strength, it outperformed 90.55% 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) | 59.4 | NEUTRAL | The RSI value for GMAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GMAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.47 | NEUTRAL | The Stochastics value for GMAB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for GMAB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.92 | NEUTRAL | The ADX value for GMAB suggests a possible start of a new 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 |
|---|---|---|---|
| 33.58 | 31.58 | 2.00 (5.96%) | 16.79% |
| An entry @33.58. This is a Buy Stop order right above the resistance zone. | An exit @31.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.00 points, which is 5.96%. | For a 1.00% total portfolio risk, you can invest 16.79% 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.
32.38
+0.88 (+2.79%)
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 59.3972. 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 -0.0147561, 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 32.36 and a resistance level at 33.17. Check the full technical report for our detailed analysis of GMAB support and resistance levels.