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Advanced TA SearchArchive
- 4/19/2024 -
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Global Payments (GPN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Global Payments (GPN). During the week, the GPN dropped -1.64 points, or -1.33%, and closed at 122.10 on Friday, April 19, 2024. Weekly volume was -36% below average.
 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 Broadening Ascending Wedge chart pattern. The trend support level is at 107.27 and resistance is at 141.15. 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 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 chart has formed a Symmetric Triangle chart pattern. The uptrend support line (137.12) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GPN may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See GPN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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.
The weekly MACD line is below its signal line since March 15, 2024. 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 March 13, 2024 at 140.38 and reached 121.54 on April 19, 2024. GPN lost 18.84 points, or 13.42%, in 37 days. The chart has formed a Falling Wedge chart pattern.
 Daily Technical Indicators: [See GPN daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down.
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