Stock Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
GlobalFoundries Inc. (NASDAQ:GFS)
Countertrend Down (-85) - GFS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GFS?
MarketClub looks at technical strength and momentum to determine if the timing is right for GFS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GFS
The long-term trend has been DOWN since May 9th, 2023 at 57.36
The intermediate-term trend has been DOWN since Dec 6th, 2023 at 51.13
The short-term trend has been UP since Dec 8th, 2023 at 53.14
Smart Scan Analysis for GFS
Based on our trend formula, GFS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||72.5||52wk High Date||2023-02-14|
|52wk Low||48.115||52wk Low Date||2023-11-01|