GUARDANT HEALTH INC (GH) Technical Analysis
NASDAQ:GH • US40131M1099
Current stock price
GH Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to GH. Although GH is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- GH is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 81% of 101 stocks in the same industry.
- In the last month GH has a been trading in the 74.55 - 99.00 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.
- GH has an average volume of 2065900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that GH is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- GH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GH is lagging the market.
GH Weekly and Daily overview Charts
GH Setup Rating and Analysis
GH 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 93.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 87.43, a Stop Loss order could be placed below this zone.
More info and screens
GH Support and Resistance Analysis
61.19
When analyzing the support we can see 4 important areas.
- A support zone ranging from 87.14 to 87.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 81.70 to 81.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 78.60 to 78.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.81 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 93.83 to 93.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
GH 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 | NEUTRAL | NEUTRAL | The long term trend for GH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GH is neutral. |
| ChartMill Relative Strength | 84.32 | POSITIVE | GH has a high relative strength, it outperformed 84.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.18 | NEUTRAL | The RSI value for GH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GH has a positive trend. |
| Stochastics (14,3) | 49 | NEUTRAL | The Stochastics value for GH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for GH suggests high volalility. |
| Average Directional Index/ADX (14) | 16.84 | NEGATIVE | The low ADX value for GH suggests a weak or negative trend. |
GH Chart- and CandleStick Pattern Analysis
GH Technicals: Chart, Performance Metrics, Trend & Indicators
87.6
+0.52 (+0.6%)
GUARDANT HEALTH INC / GH TA FAQ
What is the ChartMill technical rating of GUARDANT HEALTH INC (GH) stock?
ChartMill assigns a technical rating of 3 / 10 to GH.
Can you provide the trend direction for GUARDANT HEALTH INC?
The current trend direction for GUARDANT HEALTH INC (GH) is Bearish.
Can you provide the RSI signal for GUARDANT HEALTH INC?
GUARDANT HEALTH INC (GH) has an RSI value of 49.1755. This indicates that the stock is currently neutral.
What are the support and resistance levels for GUARDANT HEALTH INC (GH) stock?
GUARDANT HEALTH INC (GH) has a support level at 87.43 and a resistance level at 93.83. Check the full technical report for our detailed analysis of GH support and resistance levels.