GENMAB A/S -SP ADR (GMAB) Stock Technical Analysis
NASDAQ:GMAB - US3723032062 - ADR
24.87 USD
-0.24 (-0.96%)
24.87 USD
0 (0%)
Taking everything into account, GMAB scores 8 out of 10 in our technical rating. Although GMAB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
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.
In the last month GMAB has a been trading in the 21.00 - 25.25 range, which is quite wide. It is currently trading near the high of this range.
GMAB has an average volume of 1320650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, GMAB outperforms 48% of them, which is more or less in line with the market.
GMAB is part of the Biotechnology industry. There are 542 other stocks in this industry, GMAB did better than 60% of them.
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.
More info and screens
20.94
25.36
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.31 to 24.40. 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 21.15 to 21.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.88 to 25.11. 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 | 48.24 | NEUTRAL | GMAB is not amongst the best or worst performers 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) | 65.72 | NEUTRAL | The RSI value for GMAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests GMAB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.53 | OVERBOUGHT | The high Stochastics value suggests GMAB may be overbought. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for GMAB suggests some volalility. |
| Average Directional Index/ADX (14) | 28.96 | 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)
24.87
-0.24 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.96%
1 Week0.89%
2 Weeks6.69%
1 Month14.19%
3 Month18.71%
6 Month9.66%
12 Month-10.54%
2 Year-35.05%
3 Year-29.92%
5 Year-34.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%2.33%
ATR Inc-27.05%
Range Today0.25
ADR(20)0.4
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.24
Mansfield0.41
10 Day High25.25
10 Day Low23.22
20 Day High25.25
20 Day Low21
52 Week High27.91
52 Week Low17.24
CS1 End24.4
CR1 Start24.88
Volume & EV
DER(3)3.16%
DER(5)1.74%
Volume676.60K
Volume Incr7.52%
Vol(5)1.29M
Vol(50)1.32M