GLOBAL MEDICAL REIT INC (GMRE) Stock Technical Analysis
USA - NYSE:GMRE - US37954A3032 - REIT
Overall GMRE gets a technical rating of 1 out of 10. GMRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
GMRE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 32.74. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GMRE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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29.85
3 important support areas can be observed.
- Support @32.55 from a horizontal line in the daily time frame.
- A support zone ranging from 30.70 to 30.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.15 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 32.74 to 33.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.28 to 36.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @37.75 from a trend line in the weekly time frame.
- Resistance @39.40 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 | 19.64 | NEGATIVE | GMRE has a low relative strength, it was outperformed by 80.36% 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) | DOWN | NEGATIVE | The current price of GMRE is below a declining 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) | 54.86 | NEUTRAL | The RSI value for GMRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests GMRE has a positive trend. |
| Stochastics (14,3) | 80.65 | OVERBOUGHT | The high Stochastics value suggests GMRE may be overbought. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for GMRE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.9 | NEGATIVE | The low ADX value for GMRE suggests a weak or negative trend. |
32.73
+0.61 (+1.9%)
GLOBAL MEDICAL REIT INC / GMRE FAQ
Can you provide the ChartMill technical rating for GLOBAL MEDICAL REIT INC?
ChartMill assigns a technical rating of 1 / 10 to GMRE.
What is the trend direction for GMRE stock?
The current trend direction for GLOBAL MEDICAL REIT INC (GMRE) is Bearish.
What is the RSI signal for GLOBAL MEDICAL REIT INC (GMRE) stock?
GLOBAL MEDICAL REIT INC (GMRE) has an RSI value of 54.8641. This indicates that the stock is currently neutral.
What is the MACD signal for GLOBAL MEDICAL REIT INC (GMRE) stock?
The MACD indicator for GLOBAL MEDICAL REIT INC (GMRE) has a value of 0.264252, indicating a bearish trend.
What are the support and resistance levels for GLOBAL MEDICAL REIT INC (GMRE) stock?
GLOBAL MEDICAL REIT INC (GMRE) has a support level at 32.55 and a resistance level at 32.74. Check the full technical report for our detailed analysis of GMRE support and resistance levels.