GLOBUS MEDICAL INC - A (GMED) Stock Technical Analysis
NYSE:GMED - New York Stock Exchange, Inc. - US3795772082 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to GMED. GMED scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
91% of all other stocks performed better in the past year than GMED.
GMED is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 69% of 187 stocks in the same industry do better.
GMED is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
GMED is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
GMED has an average volume of 1655950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GMED has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 55.82, a Stop Loss order could be placed below this zone.
More info and screens
55.25
66.07
We found 1 important support area.
- A support zone ranging from 55.81 to 55.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @57.17 from a trend line in the weekly time frame.
- A resistance zone ranging from 58.24 to 59.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 60.58 to 62.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @65.42 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 | 9.01 | NEGATIVE | GMED has a low relative strength, it was outperformed by 90.99% 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) | 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) | 41.33 | NEUTRAL | The RSI value for GMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GMED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.87 | NEUTRAL | The Stochastics value for GMED is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for GMED suggests some volalility. |
| Average Directional Index/ADX (14) | 26.75 | 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)
57.12
-0.68 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.18%
1 Week-3.46%
2 Weeks-2.89%
1 Month-6.05%
3 Month-21.31%
6 Month-34.4%
12 Month-19.63%
2 Year-5.23%
3 Year-2.68%
5 Year18.56%
10 Year103.56%
15 YearN/A
Volatility
ATR(14)1.51
ATR(20)%2.46%
ATR Inc-12.15%
Range Today1.15
ADR(20)1.36
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.01
Mansfield-2.81
10 Day High61.29
10 Day Low55.51
20 Day High61.29
20 Day Low55.51
52 Week High94.93
52 Week Low54.48
CS1 End55.82
CR1 Start57.17
Volume & EV
DER(3)-0.27%
DER(5)1.53%
Volume1.41M
Volume Incr49.33%
Vol(5)1.83M
Vol(50)1.66M