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Data Processing & Outsourced Services Industry Stocks Technical Analysis - GPNArchive
- 11/15/2024 -
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Global Payments (GPN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Global Payments (GPN). During the week, the GPN gained 5.10 points, or 4.60%, and closed at 116.00 on Friday, November 15, 2024. Weekly volume was -7% below average.
 Long-term trend: [See GPN long-term trend chart]
A long-term downtrend had started on February 15, 2024 at 141.78 and reached 91.60 on June 18, 2024. GPN lost 50.18 points, or 35.39%, in 17 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (98.41) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GPN may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.
 Medium-term trend: [See GPN medium-term trend chart]
A medium-term uptrend had started on June 18, 2024 at 91.60 and reached 118.10 on November 12, 2024. GPN gained -26.50 points, or -28.93%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 97.87 and resistance is at 128.09. 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 medium-term trend.
 Weekly Technical Indicators: [See GPN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 9, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See GPN short-term trend chart]
A short-term uptrend had started on November 1, 2024 at 103.00 and reached 118.10 on November 12, 2024. GPN gained -15.10 points, or -14.66%, in 11 days. The price is now at the 13.91% retracement level.
 Daily Technical Indicators: [See GPN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 11, 2024. This is an indication that the short-term trend is up.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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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