Genmark Diagnostics (GNMK) Stock Technical Analysis
NASDAQ:GNMK - Nasdaq -
Overall GNMK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GNMK has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GNMK is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, GNMK also shows a nice and consistent pattern of rising prices.
GNMK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
GNMK 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.
GNMK has an average volume of 3522520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GNMK has a been trading in a tight range between 23.84 and 24.25.
Besides having an excellent technical rating, GNMK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.99, a Stop Loss order could be placed below this zone.
More info and screens
15.32
24.41
We found 5 important support areas.
- A support zone ranging from 23.89 to 23.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.34 from a trend line in the daily time frame.
- Support @16.39 from a trend line in the weekly time frame.
- Support @15.77 from a trend line in the weekly time frame.
- Support @15.47 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.16 to 24.17. 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 | UP | POSITIVE | The long term trend for GNMK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GNMK is up. |
| ChartMill Relative Strength | 87.03 | POSITIVE | GNMK has a high relative strength, it outperformed 87.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GNMK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GNMK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GNMK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.73 | NEUTRAL | The RSI value for GNMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests GNMK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.91 | NEUTRAL | The Stochastics value for GNMK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.51 | LOW VOLATILITY | The low ATR as a percentage value for GNMK suggests low volalility. |
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)
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 |
|---|---|---|---|
| 24.18 | 23.88 | 0.30 (1.24%) | 25.00% |
| An entry @24.18. This is a Buy Stop order right above the resistance zone. | An exit @23.88. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.30 points, which is 1.24%. | For a 0.31% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
24.04
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.21%
2 Weeks0.46%
1 Month0.21%
3 Month55.9%
6 Month108.68%
12 Month116.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.51%
ATR Inc-67.61%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.03
Mansfield3.19
10 Day High24.08
10 Day Low23.85
20 Day High24.25
20 Day Low23.85
52 Week High24.25
52 Week Low8.47
CS1 End23.99
CR1 Start24.16
Volume & EV
DER(3)-1.99%
DER(5)-1.6%
Volume3.83M
Volume Incr-34.62%
Vol(5)2.58M
Vol(50)3.52M