Taking everything into account, GMAB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GMAB is showing a nice and steady performance.
GMAB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- 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
23.59
We found 3 important support areas.
- A support zone ranging from 28.61 to 28.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.33 from a trend line in the daily time frame.
- Support @23.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.35 to 31.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @32.36 from a horizontal line in the daily time frame.
- A resistance zone ranging from 33.17 to 33.57. 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 GMAB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMAB is up. |
| ChartMill Relative Strength | 89.69 | POSITIVE | GMAB has a high relative strength, it outperformed 89.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GMAB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GMAB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GMAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.18 | NEUTRAL | The RSI value for GMAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GMAB has a negative trend. |
| Stochastics (14,3) | 36.6 | NEUTRAL | The Stochastics value for GMAB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for GMAB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.78 | NEUTRAL | The ADX value for GMAB suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 31.62 | 30.80 | 0.82 (2.59%) | 25.00% |
| An entry @31.62. This is a Buy Stop order right above the resistance zone. | An exit @30.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.82 points, which is 2.59%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GMAB. 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.
31.35
-0.22 (-0.7%)
GENMAB A/S -SP ADR / GMAB FAQ
What is the ChartMill technical rating of GENMAB A/S -SP ADR (GMAB) stock?
ChartMill assigns a technical rating of 10 / 10 to GMAB.
What is the current trend direction of GENMAB A/S -SP ADR (GMAB) stock?
The current trend direction for GENMAB A/S -SP ADR (GMAB) is Bullish.
Can you provide the RSI signal for GENMAB A/S -SP ADR?
GENMAB A/S -SP ADR (GMAB) has an RSI value of 52.1796. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GENMAB A/S -SP ADR?
The MACD indicator for GENMAB A/S -SP ADR (GMAB) has a value of -0.0633729, indicating a bearish trend.
Can you provide the support and resistance levels for GENMAB A/S -SP ADR?
GENMAB A/S -SP ADR (GMAB) has a support level at 28.61 and a resistance level at 31.35. Check the full technical report for our detailed analysis of GMAB support and resistance levels.