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 3 out of 10 in our technical rating. Although GMED is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
GMED is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 82% of 189 stocks in the same industry.
In the last month GMED has a been trading in the 65.62 - 75.47 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GMED has an average volume of 1277140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, GMED did better than 81% of all other stocks. However, we also see that GMED couldn't keep up this performance in the last couple of months.
GMED is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
GMED has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 70.31, a Stop Loss order could be placed below this zone.
More info and screens
67.12
77.40
We found 1 important support area.
- A support zone ranging from 67.80 to 70.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 71.34 to 71.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @72.80 from a horizontal line in the weekly time frame.
- Resistance @76.63 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.41
Mansfield-0.38
10 Day High74.27
10 Day Low68.56
20 Day High75.47
20 Day Low65.62
52 Week High94.93
52 Week Low50
Performance
1 Week-2.68%
2 Weeks-0.04%
1 Month-5.81%
3 Month-23.31%
6 Month-5.03%
12 Month36.88%
2 Year31.37%
3 Year6.77%
5 Year30.12%
10 Year174.13%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.27
RSI(14)45
LBB69.63
UBB73.94
71.11
-0.66 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.92%
1 Week-2.68%
2 Weeks-0.04%
1 Month-5.81%
3 Month-23.31%
6 Month-5.03%
12 Month36.88%
2 Year31.37%
3 Year6.77%
5 Year30.12%
10 Year174.13%
15 YearN/A
Volatility
ATR(14)2.05
ATR(20)%4.43%
ATR Inc-25.32%
Range Today1.17
ADR(20)2.82
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.41
Mansfield-0.38
10 Day High74.27
10 Day Low68.56
20 Day High75.47
20 Day Low65.62
52 Week High94.93
52 Week Low50
CS1 End70.31
CR1 Start71.34
Volume & EV
DER(3)-1.71%
DER(5)0.12%
Volume707.40K
Volume Incr-27.41%
Vol(5)827.96K
Vol(50)1.28M