GFS | Range-Bound Ahead of Earnings — Watch $33.5/$35.5
$GLOBALFOUNDRIES Inc.(GFS)$
$34.08 (−0.99%): Range-bound near lower channel; earnings ahead—watch $33.5 floor vs $35.5 EMA lid
Market Recap
GlobalFoundries (GFS) closed $34.08, down 0.99%, after trading $32.63–34.17 on light volume (~2.73M vs avg 3.0M).
The stock remains ~28% below its 52-week high ($47.69) and −20.6% YTD, underperforming the semiconductor index as investors trim exposure to second-tier foundries.
The weakness reflects
(1) muted wafer demand guidance from peers;
(2) geopolitical supply-chain caution ahead of Nov 12 earnings;
(3) ongoing market rotation favoring high-margin chip designers over contract fabs.
Indicators & 1-week outlook
Technically, price remains trapped between $33.5–35.5, forming a flat base after months of drift.
On the daily chart, both MACD (12,26,9) and RSI (14) show neutral-to-weak bias—MACD at −0.13 vs signal +0.05 with a flattening histogram, and RSI near 45.9, indicating waning momentum without capitulation.
2h EMA-20 ($34.57) and EMA-50 ($34.89) converge overhead as dynamic resistance; bulls need a close > $35.5 to confirm a breakout.
Near-term, $33.5 marks the line in the sand—failure below this could target $32.0, while sustained closes above $35.5 open room toward $37.0–38.5.
Key levels:
Support $32.0 / $30.8 Resistance $35 /$37-38.5 Valuation: P/E −0.21 (loss-making), far below peers like TSM (≈20×) and AVGO (≈28×). Beta 1.49 reflects elevated cyclicality. Street 12-mo target ≈ $39.6 (+16% upside).
Risk & Disclaimer:
Foundry cyclicals remain sensitive to utilization rates, capex cycles, and export policies. Expect volatility around Nov 12 earnings. This technical commentary is for informational purposes only, based on TradingView and Yahoo Finance (Nov 7, 2025) data—not investment advice.
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