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Archive - 3/15/2024 - Sign In to see current Signals. |
Global Payments (GPN) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week after 5 consecutive negative weeks for the Global Payments (GPN). During the week, the GPN climbed 0.25 points, or 0.19%, and closed at 129.88 on Friday, March 15, 2024. Weekly volume was 32% above average. GPN is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See GPN long-term trend chart] A long-term uptrend had started on December 19, 2022 at 92.27 and reached 141.78 on February 15, 2024. GPN gained -49.51 points, or -53.66%, in 60 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 112.04 and resistance is at 139.41. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend. Medium-term trend: [See GPN medium-term trend chart] A medium-term uptrend had started on October 30, 2023 at 101.97 and reached 141.78 on February 15, 2024. GPN gained -39.81 points, or -39.04%, in 15 weeks. The price is now at the 29.89% retracement level. Weekly Technical Indicators: [See GPN weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help. Short-term trend: [See GPN short-term trend chart] A short-term downtrend had started on February 15, 2024 at 141.78 and reached 127.59 on March 5, 2024. GPN lost 14.19 points, or 10.01%, in 19 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 125.91 and resistance is at 141.20. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend. Daily Technical Indicators: [See GPN daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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