GLOBAL MEDICAL REIT INC (GMRE) Stock Technical Analysis
NYSE:GMRE - New York Stock Exchange, Inc. - US37954A2042 - REIT - Currency: USD
Overall GMRE gets a technical rating of 3 out of 10. In the past year, GMRE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, GMRE is a bad performer in the overall market: 91% of all stocks are doing better.
GMRE is one of the lesser performing stocks in the Diversified REITs industry. 89% of 129 stocks in the same industry do better.
GMRE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GMRE has a been trading in the 6.52 - 7.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of GMRE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.09
8.98
We found 1 important support area.
- A support zone ranging from 6.15 to 6.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.98 to 7.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.28 to 7.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.19 from a trend line in the weekly time frame.
- Resistance @8.53 from a trend line in the daily time frame.
- Resistance @8.89 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 GMRE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GMRE is neutral. |
| ChartMill Relative Strength | 9.47 | NEGATIVE | GMRE has a low relative strength, it was outperformed by 90.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GMRE is below 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 | NEGATIVE | The current price of GMRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.58 | NEUTRAL | The RSI value for GMRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GMRE has a negative trend. |
| Stochastics (14,3) | 27.33 | NEUTRAL | The Stochastics value for GMRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for GMRE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.61 | NEUTRAL | The ADX value for GMRE suggests a possible start of a new 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)
6.84
-0.19 (-2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-2.7%
1 Week-4.74%
2 Weeks-4.07%
1 Month1.48%
3 Month-11.05%
6 Month-13.85%
12 Month-30.56%
2 Year-30.91%
3 Year-43.84%
5 Year-42.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%2.57%
ATR Inc40.67%
Range Today0.27
ADR(20)0.17
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.47
Mansfield-2.38
10 Day High7.28
10 Day Low6.78
20 Day High7.29
20 Day Low6.52
52 Week High10.46
52 Week Low6.06
CS1 End6.18
CR1 Start6.98
Volume & EV
DER(3)-5.81%
DER(5)-2.61%
Volume516.70K
Volume Incr-36.35%
Vol(5)557.80K
Vol(50)740.20K