GLOBUS MEDICAL INC - A (GMED) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GMED - US3795772082 - Common Stock
We assign a technical rating of 8 out of 10 to GMED. Both in the recent history as in the last year, GMED has proven to be a steady performer, scoring decent points in every aspect analyzed.
GMED has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 86.70, a Stop Loss order could be placed below this zone.
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52.86
When analyzing the support we can see 5 important areas.
- A support zone ranging from 86.45 to 86.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @85.06 from a horizontal line in the daily time frame.
- Support @61.05 from a trend line in the weekly time frame.
- Support @59.68 from a trend line in the daily time frame.
- Support @53.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @91.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 92.84 to 93.32. 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 GMED is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMED is up. |
| ChartMill Relative Strength | 88.39 | POSITIVE | GMED has a high relative strength, it outperformed 88.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GMED is below a declining 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) | UP | POSITIVE | The current price of GMED is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.3 | NEUTRAL | The RSI value for GMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests GMED has a negative trend. |
| Stochastics (14,3) | 59.75 | NEUTRAL | The Stochastics value for GMED is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for GMED suggests some volalility. |
| Average Directional Index/ADX (14) | 28.96 | POSITIVE | The high ADX value value for GMED 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 |
|---|---|---|---|
| 89.86 | 86.44 | 3.42 (3.81%) | 25.00% |
| An entry @89.86. This is a Buy Stop order right above the 10 day high. | An exit @86.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.42 points, which is 3.81%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- 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.
87.31
-0.6 (-0.68%)
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.
Can you provide the trend direction for GLOBUS MEDICAL INC - A?
The current trend direction for GLOBUS MEDICAL INC - A (GMED) is Bullish.
Can you provide the RSI signal for GLOBUS MEDICAL INC - A?
GLOBUS MEDICAL INC - A (GMED) has an RSI value of 55.2964. This indicates that the stock is currently neutral.
What is the MACD signal for GLOBUS MEDICAL INC - A (GMED) stock?
The MACD indicator for GLOBUS MEDICAL INC - A (GMED) has a value of -0.632594, indicating a bearish trend.
What is the support and resistance level for GMED stock?
GLOBUS MEDICAL INC - A (GMED) has a support level at 86.7 and a resistance level at 91.18. Check the full technical report for our detailed analysis of GMED support and resistance levels.