Technical Analysis for GMED - Globus Medical, Inc.

Grade Last Price % Change Price Change
A 84.72 -0.22% -0.19
GMED closed down 0.22 percent on Friday, November 22, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
New 52 Week High Strength 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish -0.22%
New 52 Week High Strength -0.22%
Overbought Stochastic Strength -0.22%
Up 3 Days in a Row Strength -0.22%
Up 4 Days in a Row Strength -0.22%
New 52 Week Closing High Bullish 1.35%
Stochastic Reached Overbought Strength 1.35%

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Profile

Globus Medical, Inc. Description

Globus Medical, Inc., a medical device company, focuses on the design, development, and commercialization of products that promote healing in patients with spine disorders. It offers approximately 100 innovative fusion and disruptive technology products that address an array of spinal pathologies, anatomies, and surgical approaches. The company's innovative fusion products are used in cervical, thoracolumbar, sacral, and interbody/corpectomy fusion procedures to treat degenerative, deformity, tumor, and trauma conditions. Its disruptive technology products provide material improvements to fusion procedures, such as minimally invasive surgical techniques, as well as new treatment alternatives, which include motion preservation technologies, such as dynamic stabilization, total disc replacement and interspinous process spacer products, and advanced biomaterials technologies. The company's products under clinical development include SECURE-C Cervical Artificial Disc, an artificial disc designed to alleviate pain and preserve motion in patients with symptomatic cervical disc disease; ACADIA Facet Replacement System, which allows for an anatomic reconstruction of the facet joint after the degenerated facet is decompressed and removed; and TRIUMPH Lumbar Disc that is used in the treatment of lumbar degenerative disc disease. Globus Medical, Inc. sells its implants and related disposables primarily to hospitals. The company markets and sells its products through sales representatives and independent distributors in the United States and 17 countries internationally. Globus Medical, Inc. was founded in 2003 and is based in Audubon, Pennsylvania.


Classification

Sector: Healthcare
Industry: Medical Devices
Keywords: Medicine Pain Organ Systems Clinical Development Tumor Technology Products Spine Neurosurgery Healing Biomaterial Deformity Degenerative Disc Disease Fusion Products Spine Disorders Vertebra

Is GMED a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 85.3
52 Week Low 44.02
Average Volume 875,498
200-Day Moving Average 65.34
50-Day Moving Average 74.76
20-Day Moving Average 79.82
10-Day Moving Average 82.85
Average True Range 1.86
RSI (14) 71.75
ADX 40.17
+DI 38.22
-DI 11.24
Chandelier Exit (Long, 3 ATRs) 79.71
Chandelier Exit (Short, 3 ATRs) 78.69
Upper Bollinger Bands 87.76
Lower Bollinger Band 71.88
Percent B (%b) 0.81
BandWidth 19.90
MACD Line 2.86
MACD Signal Line 2.61
MACD Histogram 0.2474
Fundamentals Value
Market Cap 9.77 Billion
Num Shares 115 Million
EPS 1.47
Price-to-Earnings (P/E) Ratio 57.63
Price-to-Sales 5.90
Price-to-Book 1.72
PEG Ratio 1.80
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 86.43
Resistance 3 (R3) 86.43 85.87 86.15
Resistance 2 (R2) 85.87 85.43 85.87 86.05
Resistance 1 (R1) 85.29 85.16 85.01 85.29 85.95
Pivot Point 84.73 84.73 84.59 84.73 84.73
Support 1 (S1) 84.15 84.29 83.87 84.15 83.49
Support 2 (S2) 83.59 84.02 83.59 83.39
Support 3 (S3) 83.01 83.59 83.30
Support 4 (S4) 83.01