GLOBAL MEDICAL REIT INC (GMRE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:GMRE • US37954A3032
We assign a technical rating of 6 out of 10 to GMRE. GMRE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month GMRE has a been trading in the 33.79 - 37.22 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, GMRE outperforms 48% of them, which is more or less in line with the market.
- GMRE is an average performer in the Diversified REITs industry, it outperforms 48% of 122 stocks in the same industry.
- GMRE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GMRE is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GMRE has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
30.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.92 to 34.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.10 from a horizontal line in the daily time frame.
- A support zone ranging from 30.80 to 30.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 36.64 to 36.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 GMRE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMRE is up. |
| ChartMill Relative Strength | 48.33 | NEUTRAL | GMRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GMRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GMRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GMRE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.58 | NEUTRAL | The RSI value for GMRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests GMRE has a positive trend. |
| Stochastics (14,3) | 86.06 | OVERBOUGHT | The high Stochastics value suggests GMRE may be overbought. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for GMRE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.71 | NEUTRAL | The ADX value for GMRE suggests a possible start of a new trend. |
36.63
-0.08 (-0.22%)
GLOBAL MEDICAL REIT INC / GMRE FAQ
What is the ChartMill technical rating of GLOBAL MEDICAL REIT INC (GMRE) stock?
ChartMill assigns a technical rating of 6 / 10 to GMRE.
What is the current trend direction of GLOBAL MEDICAL REIT INC (GMRE) stock?
The current trend direction for GLOBAL MEDICAL REIT INC (GMRE) is Bearish.
What is the RSI signal for GMRE stock?
GLOBAL MEDICAL REIT INC (GMRE) has an RSI value of 65.5786. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GLOBAL MEDICAL REIT INC?
The MACD indicator for GLOBAL MEDICAL REIT INC (GMRE) has a value of 0.106771, indicating a bearish trend.