GLOBUS MEDICAL INC - A (GMED) Stock Technical Analysis
NYSE:GMED - New York Stock Exchange, Inc. - US3795772082 - Common Stock - Currency: USD
Taking everything into account, GMED scores 2 out of 10 in our technical rating. Although GMED 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.
GMED has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 72.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.27, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
67.12
When analyzing the support we notice one important area.
- A support zone ranging from 67.80 to 69.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 72.59 to 72.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 76.09 to 76.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
71.01
-0.13 (-0.18%)