Globe Life (GL) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for GL · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$183.90last close · Aug 4, 202652-week range $127.84$191.55 · 3.99% below the high

GL Rising Wedge Pattern

GL is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge usually breaks lower, but GL is breaking higher out of it instead — a notably bullish turn. A breakout projects a measured-move target near $167.66 (+5.9%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; GL's own rising wedges have hit 35.0%.

DirectionBullishTarget$167.66Projected move+5.9%Breakout level$158.95

New to this pattern? What a rising wedge is and how to trade it →

GL's Most Recent Rising Wedge Trade

GL's most recent completed rising wedge (which broke against type) resolved as a win: it broke higher on Jun 9, 2026 near $159.76, then reached its target at $176.98 on Jul 6, 2026 — a +1.51R move (10.8%) over 17 sessions. Across 164 backtested rising wedges, this setup wins 53.7% of the time.

OutcomeWinResult+1.51REntry$159.76Exit$176.98

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
GL win rate
35.0%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

GL Pattern Trade History

Every completed pattern trade our nightly backtest found on GL's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeJun 9, 2026 @ $159.76Jul 6, 2026 @ $176.98Win+1.51R
TriangleDec 11, 2025 @ $136.33Feb 9, 2026 @ $141.42Win+0.71R
TriangleJun 9, 2025 @ $120.05Jun 27, 2025 @ $123.89Loss-1.07R
TriangleMay 22, 2025 @ $119.78Jun 30, 2025 @ $124.29Loss-1.02R
TriangleJan 7, 2025 @ $112.96Feb 6, 2025 @ $119.97Win+0.77R
TriangleJan 2, 2025 @ $111.86Feb 6, 2025 @ $119.97Win+1.02R
TriangleDec 24, 2024 @ $109.67Feb 6, 2025 @ $119.97Win+1.78R
Rising WedgeOct 25, 2024 @ $106.41Jan 16, 2025 @ $117.24Loss-1.05R
Rising WedgeAug 15, 2023 @ $113.69Sep 5, 2023 @ $110.04Win+1.68R
TriangleJul 6, 2023 @ $110.36Oct 19, 2023 @ $113.59Win+0.65R
Falling WedgeMay 25, 2023 @ $105.71Jul 3, 2023 @ $110.26Loss-1.06R
TriangleApr 25, 2023 @ $106.54Jul 6, 2023 @ $110.95Loss-1.11R

GL Support and Resistance Levels

Price was turned away at a ceiling near $189.65 about 2 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $159.70 — still about 13% away.

  • Traders commonly watch $159.70 as a target (its 50% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $189.65 ceiling about 2 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $161.24, resistance near $186.54. These are chart/swing-derived levels, not formula pivots.

Resistance
$186.54$208.64
Support
$161.24$128.94

GL Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$181.00$184.36$181.00$183.90
Aug 3, 2026$181.29$185.87$180.89$184.09
Jul 31, 2026$181.81$183.68$180.35$182.25
Jul 30, 2026$177.41$183.24$177.41$182.98
Jul 29, 2026$177.84$179.78$177.72$179.68
Jul 28, 2026$175.35$179.52$175.29$179.17
Jul 27, 2026$174.04$176.21$173.13$174.37
Jul 24, 2026$171.16$173.86$170.00$173.48
Jul 23, 2026$170.18$175.47$168.17$171.08
Jul 22, 2026$184.78$185.57$182.26$184.00

GL Frequently Asked Questions

What chart pattern is GL forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Globe Life (GL) on the daily chart, with a measured-move target of $167.66.
Is a rising wedge bullish or bearish?
The rising wedge detected on GL is a bullish pattern, projecting a measured-move target of $167.66. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for GL?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), GL's nearest support is around $161.24 and nearest resistance around $186.54.
What is the price target if GL's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $167.66 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was GL's closing price on Aug 4, 2026?
Globe Life (GL) last closed at $183.90 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.