Globe Life Inc. | GL

Daily Technical Analysis of Globe Life Inc.

There wasn't too much excitement in Globe Life today which only managed to move up 0.73% on the day. It looks like GL could be hitting an upward sloping resistance line. Most traders won't try to short a stock when the line is upsloping. But it may be a good time to take profit or wait for a better entry point for a long position. Let's also consider momentum! Globe Life has been on a tear lately and has decent upward momentum, when assets move up like that, they have a habit of breaking through resistance points. so unless you know something I don't, it probably wouldn't short a stock like this. Year over year, the asset has returned 19.21 percent to its shareholders.

If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price does in fact bounce off here, it might find nearest support down at the $121.95 level, hard to say where it will go from there though.

Analyst Ratings for Globe Life By Price Target And Rating

The analysts are pretty neutral on Globe Life right now, so not much useful information here. The current Analysts Sentiment Score is 0.15. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Piper Sandler announced a lowering of their price target to $130.00 from $143.00 on 2024-04-05. Evercore ISI provided a price target decease of -9.42% to $125.00 from $138.00 on 2024-03-14. Truist Financial decided to move up their price target on 2024-02-09 to $125.00 which is a 8.7% increase. JPMorgan Chase & Co. provided a price target boost of 2.26% to $136.00 from $133.00 on 2024-02-08. Morgan Stanley gave a boost to their price target and moved to $132.00 from $131.00 on 2023-11-15. On 2023-10-31 Wells Fargo & Company upgraded Globe Life from Equal Weight to Overweight and provided a price target boost 12.3% to $137.00 from $122.00. Raymond James gave a boost to their price target and moved to $160.00 from $138.00 on 2023-10-23. On 2023-09-14 Jefferies Financial Group increased their price target by 2.61% to $118.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Globe Life

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Globe Life

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.