GLOBAL MEDICAL REIT INC (GMRE) Technical Analysis
NYSE:GMRE • US37954A3032
Current stock price
GMRE Technical Rating and Analysis
Taking everything into account, GMRE scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GMRE is a bad performer.
- 68% of all other stocks performed better in the past year than GMRE.
- GMRE is one of the lesser performing stocks in the Diversified REITs industry. 61% of 122 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- GMRE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- GMRE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GMRE is lagging the market slightly.
GMRE Weekly and Daily overview Charts
GMRE Setup Rating and Analysis
GMRE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 35.70, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GMRE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
GMRE Support and Resistance Analysis
30.38
When analyzing the support we can see 5 important areas.
- A support zone ranging from 34.99 to 35.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.92 from a horizontal line in the daily time frame.
- Support @32.96 from a horizontal line in the daily time frame.
- Support @32.10 from a horizontal line in the daily time frame.
- A support zone ranging from 30.69 to 30.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.28 to 36.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
GMRE 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 | UP | POSITIVE | The long term trend for GMRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMRE is up. |
| ChartMill Relative Strength | 32.82 | 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) | 53.94 | NEUTRAL | The RSI value for GMRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GMRE has a negative trend. |
| Stochastics (14,3) | 52.83 | NEUTRAL | The Stochastics value for GMRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for GMRE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.55 | POSITIVE | The high ADX value value for GMRE suggests a strong trend. |
GMRE Chart- and CandleStick Pattern Analysis
GMRE Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 36.77 | 35.50 | 1.27 (3.45%) | 25.00% |
| An entry @36.77. This is a Buy Stop order right above the resistance zone. | An exit @35.50. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.27 points, which is 3.45%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GMRE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GMRE Technicals: Chart, Performance Metrics, Trend & Indicators
35.98
-0.01 (-0.03%)
GLOBAL MEDICAL REIT INC / GMRE TA FAQ
What is the ChartMill technical rating of GLOBAL MEDICAL REIT INC (GMRE) stock?
ChartMill assigns a technical rating of 7 / 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 Bullish.
Can you provide the RSI signal for GLOBAL MEDICAL REIT INC?
GLOBAL MEDICAL REIT INC (GMRE) has an RSI value of 53.9379. 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 -0.0578798, indicating a bearish trend.
What is the short term momentum for GMRE stock?
The short term momentum for GLOBAL MEDICAL REIT INC (GMRE) is positive.