Global Payments Jumps 3.65% As Technical Indicators Flash Bullish Signals

Global Payments (GPN) advanced 3.65% to close at $84.11 on July 22, 2025, with volume of 2.38 million shares. This notable upswing warrants multi-indicator technical analysis to assess trend sustainability and potential reversal zones.
Candlestick Theory
The July 22 session formed a robust bullish candle with a high-low range of $81.62-$84.25, engulfing the prior day's bearish body. This follows a hammer pattern on July 16 (low: $79.71, close: $82.66) that signaled exhaustion of the early-July decline. Immediate resistance resides at the June swing high of $85.53, while support converges near the $77.60-$79.00 consolidation zone from mid-July. A close above $85.53 would confirm bullish breakout potential.
Moving Average Theory
The 50-day moving average (78.50) recently crossed above the 100-day MA (79.80), establishing a bullish medium-term orientation. Price currently trades above both averages, reinforcing positive momentum. The 50-day MA has ascended steadily since late June, providing dynamic support. The absence of a death cross since April confirms the recovery phase remains intact, though a decisive break below the 50-day MA would undermine this thesis.
MACD & KDJ Indicators
MACD (12,26,9) exhibits a bullish configuration, with the MACD line maintaining position above the signal line since July 16 and histogram bars expanding positively. This aligns with KDJ readings, where the %K line (72) crossed above %D (65) from oversold territory on July 18. Both oscillators lack divergence from price action, suggesting consistent upward momentum. However, KDJ's approach toward overbought territory (K:72) warrants monitoring for potential near-term exhaustion.
Bollinger Bands
Bollinger Bands (20-day SMA, 2σ) contracted sharply through mid-July, compressing volatility before the July 22 expansion. Price currently tests the upper band ($84.30), which coincides with the June resistance zone. A sustained break above this barrier would signal strength, while rejection near $84.30 may trigger mean reversion toward the middle band ($81.20). Bandwidth narrowing to 6-month lows preceding this move increases the validity of the breakout attempt.
Volume-Price Relationship
The July 22 advance occurred on 18% above-average volume (2.38M vs. 2.02M prior), validating buyer conviction. This follows the July 16 surge on exceptional volume (3.99M shares), which established a distribution climax after the mid-July selloff. Volume consistently expands on up days and contracts during pullbacks, confirming accumulation. The volume-weighted average price (VWAP) from July 1-22 sits at $80.40, now acting as support.
Relative Strength Index (RSI)
The 14-day RSI (62) resides in neutral territory, recovering from oversold conditions (<30) in early July. While advancing, it remains below overbought thresholds, suggesting room for additional upside before technical exhaustion. A bearish divergence would emerge if price establishes new highs without corresponding RSI strength, though no such signal currently exists. The RSI's trajectory above its 50 midpoint supports bullish momentum.
Fibonacci Retracement
Applying Fibonacci to the April 17 low ($69.46) and February 28 high ($105.28) yields critical levels. The 38.2% retracement ($83.00) was surpassed on July 22, now converting to support. Next resistance emerges at the 50% level ($86.37), closely aligning with the March consolidation zone. The 61.8% retracement ($89.74) represents the next significant barrier should bullish momentum extend. This framework suggests the current advance has technical runway before encountering major Fibonacci resistance.
Confluence exists between indicators: Volume validates price strength, MACD/KDJ show synchronized bullish momentum, and the break above the 38.2% Fibonacci level aligns with the moving average golden cross. A key divergence risk would emerge if price stalls near $86.37 (Fibonacci 50%) amid overbought oscillators without corresponding volume amplification. Current evidence suggests the breakout has technical credibility, though sustained progress requires closes above $85.53 to overcome the June resistance ceiling.