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'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
80% of all other stocks performed better in the past year than GMED.
GMED is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GMED is lagging the market.
In the last month GMED has a been trading in the 54.48 - 73.26 range, which is quite wide. It is currently trading near the lows of this range.
GMED has an average volume of 1594620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GMED is part of the Health Care Equipment & Supplies industry. There are 189 other stocks in this industry, GMED did better than 50% of them.
Volume is considerably higher 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.
More info and screens
55.25
73.80
When analyzing the support we notice one important area.
- A support zone ranging from 55.81 to 55.81. 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 61.26 to 61.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 69.02 to 69.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @73.07 from a horizontal 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 | 20.63 | NEGATIVE | GMED has a low relative strength, it was outperformed by 79.37% 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) | 34.77 | NEUTRAL | The RSI value for GMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests GMED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.79 | NEUTRAL | The Stochastics value for GMED is a neutral value. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for GMED suggests some volalility. |
| Average Directional Index/ADX (14) | 33.91 | 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)
58.96
+0.36 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.61%
1 Week1.35%
2 Weeks-19.13%
1 Month-19.8%
3 Month-27.01%
6 Month-30.83%
12 Month-10.97%
2 Year8.26%
3 Year-12.01%
5 Year7.23%
10 Year125.91%
15 YearN/A
Volatility
ATR(14)2.99
ATR(20)%4.37%
ATR Inc-40.35%
Range Today2.03
ADR(20)1.83
ADR(20)%3.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.63
Mansfield-2.33
10 Day High61.82
10 Day Low54.48
20 Day High73.26
20 Day Low54.48
52 Week High94.93
52 Week Low54.48
CS1 End55.81
CR1 Start61.26
Volume & EV
DER(3)-0.99%
DER(5)1.33%
Volume1.39M
Volume Incr24.65%
Vol(5)2.22M
Vol(50)1.59M