The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 2/16/2024 -
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Global Payments (GPN) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :Stochastic signal line moved below overbought areaLane's Stochastic bearish divergenceThe price has fallen below the Parabolic SARPrice is near the Fibonacci 61.8% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Global Payments (GPN). During the week, the GPN dropped -1.81 points, or -1.33%, and closed at 134.19 on Friday, February 16, 2024. It was the worst weekly loss since November 10, 2023. Weekly volume was 20% above average.

GPN is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 Rising Channel chart pattern. The trend support level is at 110.66 and resistance is at 138.03. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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 Broadening Ascending Wedge chart pattern. The uptrend support line (148.55) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See GPN weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 8, 2023. 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 January 24, 2024 at 129.00 and reached 141.78 on February 15, 2024. GPN gained -12.78 points, or -9.91%, in 22 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See GPN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since February 12, 2024. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.09
Williams' Percentage Range (W%R) 34.80
Lane's Stochastic (%D-Slow) 68.37
Bearish
Greed/Fear Indicator (GFI) 60.21
Moving Average Converg./Diverg. (MACD) 2.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.96
Overbought
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 82.54
Overbought
Greed/Fear Indicator (GFI) 77.53
Moving Average Converg./Diverg. (MACD) 4.15
Trading Signals
Description Value Chart
Monthly Trendline Support 148.55
Parabolic System 141.92
Weekly Stochastic Crossing 139.31
Upper Bollinger Band 139.26
Quarterly Trendline Resistance 138.03
Daily Stochastic Crossing 137.90
20 Day Moving Average 135.13
Price 134.19
50 Day Moving Average 130.26
Lower Bollinger Band 130.16
Quarterly Trendline Support 110.66
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Data Processing & Outsourced Services 80
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 129.00
Low Date 01/24/2024
High 141.78
High Date 02/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.32
Low Date 12/20/2023
High 141.78
High Date 02/15/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 174.10
Support 148.55
Low 101.97
Low Date 10/30/2023
High 141.78
High Date 02/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 138.03
Support 110.66
Low 92.27
Low Date 12/19/2022
High 141.78
High Date 02/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 220.81
High Date 04/26/2021
Low 92.27
Low Date 12/19/2022
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.