Payment technology firm Global Payments ( GPN) was rated a new "overweight" by the financial services firm of Stephens with a $170 price target. Let's check out the chart charts and indicators. 
In this daily bar chart of GPN, below, we can see that prices were almost cut in half from April to late November/early December. Prices rallied into 2022 but stalled in January and February. A pullback into early March could be considered a retest of the earlier low. GPN has crisscrossed the 50-day moving average line but remains below the declining 200-day line. The trading volume has been heavy but declining since November and personally I like to see volume expand as a stock bottoms.
The On-Balance-Volume (OBV) line made a low in early December. The trend-following Moving Average Convergence Divergence (MACD) oscillator has moved back to the zero line from below for a buy signal but it does not seem all that strong.
In this weekly Japanese candlestick chart of GPN, below, we can see a mixed picture. Prices have turned sideways the past four months but remain below the declining 40-week moving average line. Trading volume was heavier into the late 2021 low but the volume has tailed off and that is not what chart watchers want to see.
The weekly OBV line made a long decline and a much shorter recovery, so much work needs to be done in building a new base pattern. The weekly MACD oscillator is improving but it is a long way from a buy signal.
In this daily Point and Figure chart of GPN, below, we can see that the software is projecting a possible $177 price target.
In this weekly Point and Figure chart of GPN, below, we see further risk ahead with a downside price target of $91.
Bottom line strategy: These charts and indicators of GPN are now strong enough to move me to recommend purchase. But I want to see a bigger base form - more sideways price action and successful tests of the $120 area. Avoid for now.
