GLOBUS MEDICAL INC - A (GMED) Stock Technical Analysis
USA - NYSE:GMED - US3795772082 - Common Stock
Taking everything into account, GMED scores 8 out of 10 in our technical rating. In the last year, GMED was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although GMED has an excellent technical rating, it does not offer a high quality setup 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
51.31
We found 4 important support areas.
- A support zone ranging from 61.80 to 62.68. 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 57.49 to 58.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.15 from a trend line in the weekly time frame.
- Support @51.83 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for GMED is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMED is up. |
| ChartMill Relative Strength | 84.54 | POSITIVE | GMED has a high relative strength, it outperformed 84.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GMED is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GMED is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GMED is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 81.01 | OVERBOUGHT | The high RSI value suggests GMED may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.55 | POSITIVE | The MACD value suggests GMED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.55 | OVERBOUGHT | The high Stochastics value suggests GMED may be overbought. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for GMED suggests some volalility. |
| Average Directional Index/ADX (14) | 36.61 | POSITIVE | The high ADX value value for GMED suggests a strong trend. |
83.99
-0.72 (-0.85%)
GLOBUS MEDICAL INC - A / GMED FAQ
What is the ChartMill technical rating of GLOBUS MEDICAL INC - A (GMED) stock?
ChartMill assigns a technical rating of 8 / 10 to GMED.
What is the trend direction for GMED stock?
The current trend direction for GLOBUS MEDICAL INC - A (GMED) is Bearish.
Can you provide the RSI signal for GLOBUS MEDICAL INC - A?
GLOBUS MEDICAL INC - A (GMED) has an RSI value of 81.0137. This indicates that the stock is currently overbought.
Can you provide the short term momentum for GLOBUS MEDICAL INC - A?
The short term momentum for GLOBUS MEDICAL INC - A (GMED) is positive.
What are the support and resistance levels for GLOBUS MEDICAL INC - A (GMED) stock?
GLOBUS MEDICAL INC - A (GMED) has a support level at 62.68. Check the full technical report for our detailed analysis of GMED support and resistance levels.