Globe Stock Technical Analysis

GL
 Stock
  

USD 121.14  0.73  0.61%   

As of the 3rd of December, Globe Life retains the Downside Deviation of 1.39, risk adjusted performance of 0.3499, and Market Risk Adjusted Performance of 0.5124. Globe Life technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Globe Life, which can be compared to its competitors. Please check out Globe Life treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if Globe Life is priced fairly, providing market reflects its last-minute price of 121.14 per share. Given that Globe Life has jensen alpha of 0.273, we strongly advise you to confirm Globe Life's regular market performance to make sure the company can sustain itself at a future point.
  

Globe Life Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Globe, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Globe
Globe Life's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Globe Life Analyst Consensus

Target PriceAdvice# of Analysts
105.75Hold4Odds
Globe Life current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Globe analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Globe stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Globe Life, talking to its executives and customers, or listening to Globe conference calls.
Globe Analyst Advice Details
Globe Life technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Globe Life technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Globe Life trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Globe Life Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Globe Life volatility developed by Welles Wilder.
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Globe Life Trend Analysis

Use this graph to draw trend lines for Globe Life. You can use it to identify possible trend reversals for Globe Life as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Globe Life price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Globe Life Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Globe Life applied against its price change over selected period. The best fit line has a slop of   0.32  , which suggests that Globe Life will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 3918.83, which is the sum of squared deviations for the predicted Globe Life price change compared to its average price change.

About Globe Life Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Globe Life on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Globe Life based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Globe Life price pattern first instead of the macroeconomic environment surrounding Globe Life. By analyzing Globe Life's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Globe Life's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Globe Life specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Cash and Equivalents Turnover45.9755.3354.6849.12
Accrued Expenses Turnover3.592.852.842.67

Globe Life December 3, 2022 Technical Indicators

Most technical analysis of Globe help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Globe from various momentum indicators to cycle indicators. When you analyze Globe charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Globe Life December 3, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Globe stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Risk vs Return Analysis. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for analysis

When running Globe Life price analysis, check to measure Globe Life's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globe Life is operating at the current time. Most of Globe Life's value examination focuses on studying past and present price action to predict the probability of Globe Life's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Globe Life's price. Additionally, you may evaluate how the addition of Globe Life to your portfolios can decrease your overall portfolio volatility.
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Is Globe Life's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Globe Life. If investors know Globe will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Globe Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.033
Market Capitalization
11.7 B
Quarterly Revenue Growth YOY
0.011
Return On Assets
0.022
Return On Equity
10.89
The market value of Globe Life is measured differently than its book value, which is the value of Globe that is recorded on the company's balance sheet. Investors also form their own opinion of Globe Life's value that differs from its market value or its book value, called intrinsic value, which is Globe Life's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Globe Life's market value can be influenced by many factors that don't directly affect Globe Life's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Globe Life's value and its price as these two are different measures arrived at by different means. Investors typically determine Globe Life value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globe Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.