Taking everything into account, GMAB scores 4 out of 10 in our technical rating. GMAB was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month GMAB has a been trading in the 30.59 - 35.43 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, GMAB did better than 81% of all other stocks.
- GMAB 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 GMAB is lagging the market slightly.
- GMAB has an average volume of 1661830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- GMAB is an average performer in the Biotechnology industry, it outperforms 68% of 523 stocks in the same industry.
GMAB 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
29.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.59 to 30.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.04 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @30.80 from a horizontal line in the daily time frame.
- A resistance zone ranging from 31.63 to 33.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.27 to 34.41. 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 | DOWN | NEGATIVE | The short term trend for GMAB is down. |
| ChartMill Relative Strength | 81.11 | POSITIVE | GMAB has a high relative strength, it outperformed 81.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GMAB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GMAB is below a declining 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) | 39.32 | NEUTRAL | The RSI value for GMAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests GMAB has a negative trend. |
| Stochastics (14,3) | 3.41 | OVERSOLD | The low Stochastics value suggests GMAB may be oversold. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for GMAB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.18 | NEGATIVE | The low ADX value for GMAB suggests a weak or negative trend. |
30.6
-0.27 (-0.87%)
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 4 / 10 to GMAB.
What is the trend direction for 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 39.3159. This indicates that the stock is currently neutral.
What is the short term momentum for GMAB stock?
The short term momentum for GENMAB A/S -SP ADR (GMAB) is negative.
What is the support and resistance level for GMAB stock?
GENMAB A/S -SP ADR (GMAB) has a support level at 30.59 and a resistance level at 30.8. Check the full technical report for our detailed analysis of GMAB support and resistance levels.