GLOBUS MEDICAL INC - A (GMED)
US3795772082 - Common Stock
Taking everything into account, GMED scores 9 out of 10 in our technical rating. 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.
In the last month GMED has a been trading in the 81.27 - 87.22 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that GMED is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by GMED over the past year are nicely spread over this period.
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 in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GMED is performing more or less in line with the market.
GMED has an average volume of 1000800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
GMED has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 82.53, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
59.17
86.47
We found 5 important support areas.
- A support zone ranging from 81.70 to 82.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.64 to 79.73. 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 @59.77 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 82.74 to 83.49. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS90.84
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 Week0.25%
2 Weeks-0.83%
1 Month-2.69%
3 Month16.97%
6 Month24.22%
12 Month53.96%
2 Year11.26%
3 Year14.45%
5 Year40.34%
10 Year247.62%
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)-0.47
RSI(14)52.75
LBB81.13
UBB84.76
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 |
|---|---|---|---|
| 83.50 | 81.69 | 1.81 (2.17%) | 25.00% |
| An entry @83.50. This is a Buy Stop order right above the resistance zone. | An exit @81.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.81 points, which is 2.17%. | For a 0.54% 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 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.
GLOBUS MEDICAL INC - A
NYSE:GMED (12/20/2024, 8:15:03 PM)
After market: 83.85 +1.22 (+1.48%)82.63
+0.69 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.84%
1 Week0.25%
2 Weeks-0.83%
1 Month-2.69%
3 Month16.97%
6 Month24.22%
12 Month53.96%
2 Year11.26%
3 Year14.45%
5 Year40.34%
10 Year247.62%
15 YearN/A
Volatility
ATR(14)1.85
ATR(20)%2.12%
ATR Inc-0.14%
Range Today2
ADR(20)1.74
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.84
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
CS1 End82.53
CR1 Start82.74
Volume & EV
DER(3)-0.99%
DER(5)0.05%
Volume2.83M
Volume Incr74.16%
Vol(5)1.46M
Vol(50)1.00M