Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
US Only
Above 20
50 SMA > 500K
GLOBUS MEDICAL INC - A
New York Stock Exchange, Inc. / Health Care / Health Care Equipment & Supplies
Technical Analysis
Fundamental Analysis
Analyst Ratings, Profile & Chart
We assign a technical rating of 10 out of 10 to GMED. Both in the recent history as in the last year, GMED 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 GMED is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, GMED also shows a nice and consistent pattern of rising prices.
GMED is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. GMED outperforms 87% of them.
GMED is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GMED is leading the market.
In the last month GMED has a been trading in the 81.27 - 87.22 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, GMED also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 83.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GMED 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
59.44
86.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 79.35 to 83.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.80 from a horizontal line in the daily time frame.
- Support @65.27 from a horizontal line in the daily time frame.
- Support @60.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @83.77 from a trend line in the daily time frame.
- A resistance zone ranging from 85.61 to 85.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.05
Mansfield1.59
10 Day High85.44
10 Day Low81.27
20 Day High87.22
20 Day Low81.27
52 Week High87.22
52 Week Low49.33
Performance
1 Week1.98%
2 Weeks1.03%
1 Month-2.03%
3 Month18.34%
6 Month22%
12 Month56.8%
2 Year12.51%
3 Year15.73%
5 Year41.92%
10 Year251.54%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)55.58
LBB81.41
UBB84.29
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 |
|---|---|---|---|
| 83.78 | 81.26 | 2.52 (3.01%) | 25.00% |
| An entry @83.78. This is a Buy Stop order right above the resistance zone. | An exit @81.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.52 points, which is 3.01%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The distance between exit and entry is rather small compared to the average daily movement of GMED. 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.