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Downtrend Broken Resist.Archive
- 12/13/2024 -
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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 -3.63 points, or -3.08%, and closed at 114.20 on Friday, December 13, 2024. It was the worst weekly loss since September 27, 2024. Weekly volume was -25% 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 (99.64) 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 20.42% retracement level.
 Weekly Technical Indicators: [See GPN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and 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 downtrend had started on November 29, 2024 at 120.00 and reached 114.10 on December 13, 2024. GPN lost 5.90 points, or 4.92%, in 14 days. The chart has formed a Symmetric Triangle chart pattern.
 Daily Technical Indicators: [See GPN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 29, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.55% on Friday. It is 62.99% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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