Question 1

What does the Stochastic Oscillator suggest about GMED's trend?

Accepted Answer

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 41 of 65 cases where GMED's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 0%.

Question 2

How did GMED's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 16, 2024. You may want to consider a long position or call options on GMED as a result. In 65 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 3

What does MACD indicator imply for GMED?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for GMED turned negative on August 13, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 36 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 4

What is the significance of the 50-day moving average indicator for GMED?

Accepted Answer

GMED moved above its 50-day moving average on August 16, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

What does a 3-day price advance indicate for GMED?

Accepted Answer

Following a +1.77% 3-day Advance, the price is estimated to grow further. Considering data from situations where GMED advanced for three days, in 221 of 333 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for GMED's future price movement?

Accepted Answer

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GMED declined for three days, in 159 of 283 cases, the price declined further within the following month. The odds of a continued downward trend are 56%.

Question 7

What does GMED breaking above its upper Bollinger Band indicate?

Accepted Answer

GMED may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 8

How does the Aroon Indicator reflect on GMED's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 164 of 259 cases where GMED Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

GMED Stock Globus Medical (GMED, $66.7) RSI Indicator left the overbought zone on June 03, 2024

GMED in -1.18% downward trend, falling for three consecutive days on August 12, 2024

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