GLOBUS MEDICAL INC - A (GMED) Stock Technical Analysis
NYSE:GMED - New York Stock Exchange, Inc. - US3795772082 - Common Stock - Currency: USD
Taking everything into account, GMED scores 1 out of 10 in our technical rating. GMED's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, GMED is a bad performer in the overall market: 81% 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.
In the last month GMED has a been trading in the 56.63 - 61.82 range, which is quite wide. It is currently trading near the high of this range.
GMED has an average volume of 1524690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GMED is an average performer in the Health Care Equipment & Supplies industry, it outperforms 49% of 188 stocks in the same industry.
GMED has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for GMED in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
55.25
69.38
When analyzing the support we notice one important area.
- A support zone ranging from 55.81 to 56.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 60.81 to 61.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 65.47 to 66.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @68.69 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for GMED is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GMED is down. |
| ChartMill Relative Strength | 19.74 | NEGATIVE | GMED has a low relative strength, it was outperformed by 80.26% 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) | DOWN | NEGATIVE | The current price of GMED is below a declining 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) | 45.09 | NEUTRAL | The RSI value for GMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests GMED has a positive trend. |
| Stochastics (14,3) | 81.87 | OVERBOUGHT | The high Stochastics value suggests GMED may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for GMED suggests some volalility. |
| Average Directional Index/ADX (14) | 34.51 | 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)
60.8
-0.67 (-1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.09%
1 Week1.91%
2 Weeks2.69%
1 Month4.38%
3 Month-14.41%
6 Month-26.23%
12 Month-7.33%
2 Year2.12%
3 Year8.3%
5 Year27.44%
10 Year136.85%
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%2.34%
ATR Inc9.7%
Range Today1.63
ADR(20)1.38
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.74
Mansfield-2.21
10 Day High61.75
10 Day Low57.73
20 Day High61.82
20 Day Low56.63
52 Week High94.93
52 Week Low54.48
CS1 End56.57
CR1 Start60.81
Volume & EV
DER(3)5.46%
DER(5)5.23%
Volume1.41M
Volume Incr-54.12%
Vol(5)992.06K
Vol(50)1.52M