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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- 7/19/2024 -
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Global Payments (GPN) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold area
Daily :Lane's Stochastic is overboughtThe price has fallen below the Parabolic SARPrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 38.2% retracement level
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It was a second consecutive positive week for the Global Payments (GPN). During the week, the GPN gained 3.17 points, or 3.25%, and closed at 100.64 on Friday, July 19, 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 April 26, 2021 at 220.81 and reached 91.60 on June 18, 2024. GPN lost 129.21 points, or 58.52%, in 164 weeks. The price is now at the 7.00% retracement level.

Medium-term trend: [See GPN medium-term trend chart]
A medium-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 Broadening Descending Wedge chart pattern. The trend support level is at 81.25 and resistance is at 133.54. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See GPN weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. 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 July 10, 2024 at 93.73 and reached 105.17 on July 17, 2024. GPN gained -11.44 points, or -12.21%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See GPN daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since June 7, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.71
Williams' Percentage Range (W%R) 31.90
Lane's Stochastic (%D-Slow) 80.32
Overbought
Greed/Fear Indicator (GFI) 70.05
Moving Average Converg./Diverg. (MACD) -0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.46
Williams' Percentage Range (W%R) 79.80
Lane's Stochastic (%D-Slow) 20.28
Greed/Fear Indicator (GFI) 24.45
Moving Average Converg./Diverg. (MACD) -5.24
Trading Signals
Description Value Chart
Upper Bollinger Band 103.88
Daily Stochastic Crossing 102.58
Price 100.64
50 Day Moving Average 100.14
Parabolic System 98.45
20 Day Moving Average 97.42
Weekly Stochastic Crossing 95.45
Lower Bollinger Band 93.36
Quarterly Trendline Support 81.25
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Data Processing & Outsourced Services 32
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 105.17
High Date 07/17/2024
Low 99.41
Low Date 07/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 93.73
Low Date 07/10/2024
High 105.17
High Date 07/17/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.60
Low Date 06/18/2024
High 105.17
High Date 07/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 133.54
Support 81.25
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.