GREENBRIER COMPANIES INC (GBX) Stock Technical Analysis
NYSE:GBX • US3936571013
Taking everything into account, GBX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GBX is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by GBX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month GBX has a been trading in the 48.21 - 59.05 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, GBX did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- GBX is an average performer in the Machinery industry, it outperforms 57% of 130 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
Although GBX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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40.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 52.26 to 52.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.38 from a horizontal line in the daily time frame.
- Support @40.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.88 to 58.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GBX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GBX is up. |
| ChartMill Relative Strength | 76.85 | POSITIVE | GBX has a high relative strength, it outperformed 76.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GBX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GBX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GBX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.14 | OVERBOUGHT | The high RSI value suggests GBX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests GBX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.22 | OVERBOUGHT | The high Stochastics value suggests GBX may be overbought. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for GBX suggests some volalility. |
| Average Directional Index/ADX (14) | 42.51 | POSITIVE | The high ADX value value for GBX suggests a strong trend. |
58.87
+0.63 (+1.08%)
GREENBRIER COMPANIES INC / GBX FAQ
What is the technical rating for GBX stock?
ChartMill assigns a technical rating of 8 / 10 to GBX.
What is the trend direction for GBX stock?
The current trend direction for GREENBRIER COMPANIES INC (GBX) is Bullish.
Can you provide the RSI signal for GREENBRIER COMPANIES INC?
GREENBRIER COMPANIES INC (GBX) has an RSI value of 77.1391. This indicates that the stock is currently overbought.
What is the MACD signal for GREENBRIER COMPANIES INC (GBX) stock?
The MACD indicator for GREENBRIER COMPANIES INC (GBX) has a value of 0.273607, indicating a bearish trend.
What is the buy/sell signal for GBX stock?
The buy/sell signal for GREENBRIER COMPANIES INC (GBX) is buy as both the short term and long term trends are positive.