GLOBUS MEDICAL INC - A (GMED) Stock Technical Analysis
NYSE:GMED - US3795772082 - Common Stock
62.52 USD
+2.02 (+3.34%)
62.52 USD
0 (0%)
Overall GMED gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. GMED was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GMED is a bad performer in the overall market: 78% of all stocks are doing better.
GMED is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
GMED is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GMED has an average volume of 1503650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
GMED is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, GMED did better than 53% of them.
GMED has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 62.53. Right above this resistance zone may be a good entry point.
More info and screens
51.31
63.43
When analyzing the support we can see 3 important areas.
- A support zone ranging from 59.79 to 60.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.92 from a trend line in the weekly time frame.
- Support @51.83 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 62.53 to 62.80. 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 | DOWN | NEGATIVE | The long term trend for GMED is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMED is up. |
| ChartMill Relative Strength | 22.48 | NEGATIVE | GMED has a low relative strength, it was outperformed by 77.52% 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 | NEGATIVE | The current price of GMED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.45 | NEUTRAL | The RSI value for GMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests GMED has a positive trend. |
| Stochastics (14,3) | 82.86 | OVERBOUGHT | The high Stochastics value suggests GMED may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for GMED suggests some volalility. |
| Average Directional Index/ADX (14) | 28.92 | POSITIVE | The high ADX value value for GMED 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)
62.52
+2.02 (+3.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg3.34%
1 Week3.22%
2 Weeks6.6%
1 Month14.76%
3 Month6.04%
6 Month-22.12%
12 Month-13.23%
2 Year15.56%
3 Year5.63%
5 Year10.62%
10 Year156.02%
15 YearN/A
Volatility
ATR(14)1.77
ATR(20)%2.49%
ATR Inc-0.71%
Range Today2.05
ADR(20)1.46
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.48
Mansfield-2.11
10 Day High63.11
10 Day Low57.86
20 Day High63.11
20 Day Low51.79
52 Week High94.93
52 Week Low51.79
CS1 End60.98
CR1 Start62.53
Volume & EV
DER(3)-1.04%
DER(5)-0.74%
Volume719.30K
Volume Incr-43.68%
Vol(5)994.52K
Vol(50)1.50M