GLOBUS MEDICAL INC - A (GMED) Technical Analysis
NYSE:GMED • US3795772082
Current stock price
GMED Technical Rating and Analysis
Overall GMED gets a technical rating of 2 out of 10. GMED has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- GMED is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 78% of 188 stocks in the same industry.
- GMED is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GMED is performing more or less in line with the market.
- In the last month GMED has a been trading in the 82.01 - 90.43 range, which is quite wide. It is currently trading near the high of this range.
- GMED has an average volume of 1129610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, GMED turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
GMED Weekly and Daily overview Charts
GMED Setup Rating and Analysis
GMED has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 87.75, a Stop Loss order could be placed below this zone.
More info and screens
GMED Support and Resistance Analysis
81.46
We found 1 important support area.
- A support zone ranging from 82.28 to 87.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @92.84 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 94.62 to 96.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
GMED Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for GMED is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GMED is neutral. |
| ChartMill Relative Strength | 66.22 | NEUTRAL | GMED is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of GMED is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GMED is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.49 | NEUTRAL | The RSI value for GMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests GMED has a positive trend. |
| Stochastics (14,3) | 74.01 | NEUTRAL | The Stochastics value for GMED is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for GMED suggests some volalility. |
| Average Directional Index/ADX (14) | 19.04 | NEGATIVE | The low ADX value for GMED suggests a weak or negative trend. |
GMED Chart- and CandleStick Pattern Analysis
GMED Technicals: Chart, Performance Metrics, Trend & Indicators
87.92
+0.18 (+0.21%)
GLOBUS MEDICAL INC - A / GMED TA FAQ
What is the ChartMill technical rating of GLOBUS MEDICAL INC - A (GMED) stock?
ChartMill assigns a technical rating of 2 / 10 to GMED.
What is the current trend direction of GLOBUS MEDICAL INC - A (GMED) stock?
The current trend direction for GLOBUS MEDICAL INC - A (GMED) is Bearish.
What is the RSI signal for GMED stock?
GLOBUS MEDICAL INC - A (GMED) has an RSI value of 51.4889. This indicates that the stock is currently neutral.
What is the support and resistance level for GMED stock?
GLOBUS MEDICAL INC - A (GMED) has a support level at 87.75 and a resistance level at 92.84. Check the full technical report for our detailed analysis of GMED support and resistance levels.