Genmark Diagnostics (GNMK) Technical Analysis
NASDAQ:GNMK
Overall GNMK gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GNMK is showing a nice and steady performance.
- 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.
GNMK has an excellent technical rating and 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
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When analyzing the support we can see 5 important 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. |
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 worst case loss on the trade is limited to 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.
GNMK Technicals: Chart, Performance Metrics, Trend & Indicators
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Genmark Diagnostics / GNMK FAQ
Can you provide the ChartMill technical rating for Genmark Diagnostics?
ChartMill assigns a technical rating of 10 / 10 to GNMK.
What is the current trend direction of Genmark Diagnostics (GNMK) stock?
The current trend direction for Genmark Diagnostics (GNMK) is Bullish.
What is the RSI signal for GNMK stock?
Genmark Diagnostics (GNMK) has an RSI value of 66.7308. This indicates that the stock is currently neutral.
What is the short term momentum for GNMK stock?
The short term momentum for Genmark Diagnostics (GNMK) is positive.
What is the buy/sell signal for Genmark Diagnostics (GNMK) stock?
The buy/sell signal for Genmark Diagnostics (GNMK) is buy as both the short term and long term trends are positive.