The Greedy Trader Weekly Analysis
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- 12/20/2024 -
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Global Payments (GPN) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBullish Piercing Line Candlestick
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It was the negative week for the Global Payments (GPN). During the week, the GPN dropped -2.20 points, or -1.93%, and closed at 112.00 on Friday, December 20, 2024. GPN was trading at average weekly trading volume.

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 (99.97) is broken. A broken support is considered to be a long-term bullish signal. 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 120.00 on November 29, 2024. GPN gained -28.40 points, or -31.00%, in 23 weeks. The price is now at the 28.17% retracement level.

Weekly Technical Indicators: [See GPN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 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 downtrend had started on November 29, 2024 at 120.00 and reached 109.40 on December 20, 2024. GPN lost 10.60 points, or 8.83%, in 21 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See GPN daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since November 29, 2024. This is an indication that the short-term trend is down.

Candlestick pattern: [See GPN candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.77
Williams' Percentage Range (W%R) 97.20
Strong Oversold
Lane's Stochastic (%D-Slow) 14.65
Oversold
Greed/Fear Indicator (GFI) 15.75
Oversold
Moving Average Converg./Diverg. (MACD) 1.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.70
Williams' Percentage Range (W%R) 36.80
Lane's Stochastic (%D-Slow) 84.99
Overbought
Greed/Fear Indicator (GFI) 68.99
Moving Average Converg./Diverg. (MACD) -0.29
Trading Signals
Description Value Chart
Upper Bollinger Band 119.17
Weekly Stochastic Crossing 116.28
20 Day Moving Average 116.02
Parabolic System 114.01
Price 112.00
Daily Stochastic Crossing 110.70
50 Day Moving Average 110.70
Lower Bollinger Band 109.39
Quarterly Trendline Resistance 108.24
Quarterly Trendline Support 99.97
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Data Processing & Outsourced Services 86
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 120.00
High Date 11/29/2024
Low 109.40
Low Date 12/20/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 96.01
Low Date 09/25/2024
High 120.00
High Date 11/29/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.60
Low Date 06/18/2024
High 120.00
High Date 11/29/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 108.24
Support 99.97
High 141.78
High Date 02/15/2024
Low 91.60
Low Date 06/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 220.81
High Date 04/26/2021
Low 91.60
Low Date 06/18/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.