GLOBUS MEDICAL INC - A (GMED) Stock Technical Analysis
USA - NYSE:GMED - US3795772082 - Common Stock
60.48 USD
+2.42 (+4.17%)
60.48 USD
0 (0%)
Overall GMED gets a technical rating of 3 out of 10. In the past year, GMED was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
79% of all other stocks performed better in the past year than GMED.
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.
In the last month GMED has a been trading in the 54.15 - 60.75 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GMED has an average volume of 1385860 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 an average performer in the Health Care Equipment & Supplies industry, it outperforms 51% of 191 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of GMED is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
51.31
63.43
4 important support areas can be observed.
- A support zone ranging from 57.05 to 58.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @55.51 from a trend line in the daily time frame.
- Support @53.49 from a trend line in the weekly time frame.
- A support zone ranging from 51.83 to 52.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.60 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 | 21.7 | NEGATIVE | GMED has a low relative strength, it was outperformed by 78.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GMED is above 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) | DOWN | NEGATIVE | The current price of GMED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.48 | NEUTRAL | The RSI value for GMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests GMED has a positive trend. |
| Stochastics (14,3) | 83.89 | OVERBOUGHT | The high Stochastics value suggests GMED may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for GMED suggests some volalility. |
| Average Directional Index/ADX (14) | 22.56 | NEUTRAL | The ADX value for GMED suggests a possible start of a new 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)
60.48
+2.42 (+4.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg4.17%
1 Week8.58%
2 Weeks8.17%
1 Month-0.2%
3 Month2.21%
6 Month-12.13%
12 Month-14.41%
2 Year32.31%
3 Year-9.73%
5 Year16.04%
10 Year170.6%
15 YearN/A
Volatility
ATR(14)1.53
ATR(20)%2.38%
ATR Inc54.09%
Range Today2.65
ADR(20)1.43
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.7
Mansfield-2.38
10 Day High60.75
10 Day Low54.15
20 Day High60.75
20 Day Low54.15
52 Week High94.93
52 Week Low51.79
CS1 End58.04
CR1 Start61.6
Volume & EV
DER(3)0.74%
DER(5)0.49%
Volume1.97M
Volume Incr59.57%
Vol(5)2.00M
Vol(50)1.39M