GLOBE LIFE INC (GL) Stock Technical Analysis
NYSE:GL - New York Stock Exchange, Inc. - US37959E1029 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to GL. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Looking at the yearly performance, GL did better than 95% of all other stocks. On top of that, GL also shows a nice and consistent pattern of rising prices.
GL is one of the better performing stocks in the Insurance industry, it outperforms 95% of 143 stocks in the same industry.
GL is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so GL slightly outperforms the market at the moment.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month GL has a been trading in the 109.38 - 133.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, GL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
100.33
134.43
We found 5 important support areas.
- Support @117.22 from a horizontal line in the weekly time frame.
- A support zone ranging from 113.29 to 114.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @106.84 from a trend line in the daily time frame.
- Support @103.49 from a horizontal line in the daily time frame.
- Support @101.34 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @126.90 from a horizontal line in the weekly time frame.
- Resistance @129.77 from a horizontal line in the weekly time frame.
- Resistance @133.10 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.88
Mansfield2.52
10 Day High124.25
10 Day Low109.38
20 Day High133.76
20 Day Low109.38
52 Week High133.76
52 Week Low66.25
Performance
1 Week2.23%
2 Weeks-4.91%
1 Month-5.72%
3 Month2.49%
6 Month10.51%
12 Month81.68%
2 Year11.73%
3 Year23.62%
5 Year47.26%
10 YearN/A
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)-0.41
RSI(14)46.47
LBB110.38
UBB134.84
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 |
|---|---|---|---|
| 126.91 | 117.21 | 9.70 (7.64%) | 13.08% |
| An entry @126.91. This is a Buy Stop order right above the resistance zone. | An exit @117.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.70 points, which is 7.64%. | For a 1.00% total portfolio risk, you can invest 13.08% 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.
121.25
+0.03 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.02%
1 Week2.23%
2 Weeks-4.91%
1 Month-5.72%
3 Month2.49%
6 Month10.51%
12 Month81.68%
2 Year11.73%
3 Year23.62%
5 Year47.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.95
ATR(20)%4.11%
ATR Inc-52.25%
Range Today2.43
ADR(20)4.5
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.88
Mansfield2.52
10 Day High124.25
10 Day Low109.38
20 Day High133.76
20 Day Low109.38
52 Week High133.76
52 Week Low66.25
CS1 End117.22
CR1 Start126.9
Volume & EV
DER(3)-0.88%
DER(5)-0.62%
Volume563.00K
Volume Incr-34.36%
Vol(5)526.08K
Vol(50)714.23K