GL NYSE |
Globe Life Inc • Insurance Life |
Tue 3 Dec, close | |
Breakout tradeWATCH for possible breakout above 113.05
Target: 121.88, 11.3% Stop: 107.11 Loss: 2.2%
P/L ratio: 5.1 : 1 - Excellent
Breakout Long Short Narrow price area with possible breakout and long trade entry Default chart
Quote 109.49 -0.55,-0.5% L 108.51 O 110.6 H 110.73 Volume 576.7k -34.1% typical 52 Wk 49.1 to 128.4 Earnings recent Oct 23 aMkt Link PEG 1.5 P/E 9.3 Short 2.41%Div 0.87% EPS 11.82Mkt Cap 9.19B |
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Top ˄Tue 3 Dec, close
8 Month Detailed Chart
100%
Narrow price area with possible breakout and long trade entry
Scale +/-0(min) to 10(max)
QUOTE
109.49, -0.55 pts (-0.5%), Tue 3 Dec, close
down from yesterday's close.
Today's
L 108.51 O 110.6 H 110.73Typical price range:
108.18 to
111.9 ± 1.86 pts, ± 1.7%
Extreme price range (85% of time)
106.32 to
113.76 ± 3.72 pts, ± 3.4%
VOLUME
576.7k shares, -34.1% compared to typical daily volume over the past 6 months.
Typical daily volume is 875k shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 11.05 pts (10.1%) occurs 25% of the time.
Extreme: 14.37 pts (13.1%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BULLISH
[Positioning] Intermediate trend possibly bullish, Mild uptrend.
[Timing] breakout watch above 113.05, no resistance in area just above.
BEARISH
[Timing] Strong bearish 3 day candlestick pattern.
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
down (-0.55 pts, -0.5%) from yesterday's close.
SHORT TERM DIRECTION
OVERBOUGHT/SOLD
Neutral, odds equally favor long and short trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
possibly bullish, Mild uptrend.
SUPPORT/RESISTANCE
109.49, at support or resistance,
111.21 ± 1.89
type triple,
strength 6
Support Below : -3.2% at
105.95 ± 1.8
type triple+,
strength 10
Resistance Above : None.
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Strong bearish 3 day candlestick pattern.
Not significant 3 day distribution
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Not significant bearish 1 day moneyflow,
BREAKOUT
WATCH for possible breakout above 113.05, no resistance in area just above.
Type: True breakout from triple resistance.
Target:
121.88, 11.3% Stop: 107.11
Loss: 2.2%
P/L ratio: 5.1 : 1 - Excellent
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
109.49, at support or resistance,
111.21 ± 1.89
type triple,
strength 6
SUPPORT BELOW
-3.2% at 105.95 ± 1.8 type triple+,
strength 10
-6.6% at 102.21 ± 1.74 type single,
strength 3
-11.4% at 97 ± 1.65 type single,
strength 5
...
RESISTANCE ABOVE
None.
80%
Trade Quality
Long
TARGET 1
Price:
119.92 Profit:
9.5% (Typical rally)
Stop/Trailing Stop: 107.11 Loss: 2.2%
P/L Ratio: 4.3 : 1 - Excellent
POTENTIAL
Excellent, there are 0 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 2
Price:
123.23 Profit:
12.5% P/L Ratio: 5.7 : 1 - Excellent
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
WATCH for possible breakout above 113.05, no resistance in area just above.
Type: True breakout from triple resistance.
Target:
121.88, 11.3% Stop: 107.11
Loss: 2.2%
P/L ratio: 5.1 : 1 - Excellent
65%
Trade Quality
Short
TARGET 1
Price:
100.26 Profit:
8.4% (Typical pullback)
Cover/Trailing Cover: 112.18 Loss: 2.5%
P/L Ratio: 3.4 : 1 - Good
POTENTIAL
Fair, there are 2 support areas on the way to Target 1.
The potential to reach targets may be lower with strong support areas.
TARGET 1 SUPPORT
-3.2% at
105.95 ± 1.8
type triple+,
strength 10
-6.6% at
102.21 ± 1.74
type single,
strength 3
-8.4% at 100.26 is Target 1
TARGET 2
Price:
97 Profit:
11.4% P/L Ratio: 4.6 : 1 - Excellent
(Extreme pullback)
Breakdown trade indicators.