GLOBAL MEDICAL REIT INC (GMRE) Stock Technical Analysis
NYSE:GMRE - US37954A2042 - REIT
7.33 USD
+0.33 (+4.71%)
7.37 USD
+0.04 (+0.55%)
We assign a technical rating of 5 out of 10 to GMRE. Recently some decent action could be observed, but in the medium term time frame this is still negative. GMRE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GMRE is a bad performer in the overall market: 75% of all stocks are doing 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.
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 6.26 - 7.36 range, which is quite wide. It is currently trading near the high of this range.
GMRE is an average performer in the Diversified REITs industry, it outperforms 43% of 129 stocks in the same industry.
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 the quality of the presented setup is also not ideal 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
6.40
8.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.79 to 6.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.46 to 6.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.34 to 7.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.03 from a trend line in the weekly 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 | 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 | 25.98 | NEGATIVE | GMRE has a low relative strength, it was outperformed by 74.02% off all stocks 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 | NEGATIVE | The current price of GMRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.7 | NEUTRAL | The RSI value for GMRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GMRE has a positive trend. |
| Stochastics (14,3) | 88.42 | OVERBOUGHT | The high Stochastics value suggests GMRE may be overbought. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for GMRE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.42 | 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)
7.33
+0.33 (+4.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg4.71%
1 Week9.9%
2 Weeks11.57%
1 Month7.16%
3 Month18.23%
6 Month-12.43%
12 Month-21.6%
2 Year-24.28%
3 Year-32.38%
5 Year-42.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%3.36%
ATR Inc-8.3%
Range Today0.33
ADR(20)0.24
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.98
Mansfield-1.66
10 Day High7.36
10 Day Low6.44
20 Day High7.36
20 Day Low6.26
52 Week High10.46
52 Week Low6.06
CS1 End6.93
CR1 Start7.34
Volume & EV
DER(3)4.2%
DER(5)5.95%
Volume1.15M
Volume Incr6.44%
Vol(5)721.10K
Vol(50)759.74K