GEN DIGITAL INC (GEN) Stock Technical Analysis
NASDAQ:GEN - Nasdaq - US6687711084 - Common Stock - Currency: USD
Taking everything into account, GEN scores 8 out of 10 in our technical rating. Although GEN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
GEN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GEN is lagging the market slightly.
In the last month GEN has a been trading in the 27.93 - 30.44 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GEN has an average volume of 4894210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, GEN did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
GEN is an average performer in the Software industry, it outperforms 62% of 282 stocks in the same industry.
Besides having an excellent technical rating, GEN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 29.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GEN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
23.98
29.71
We found 4 important support areas.
- A support zone ranging from 28.81 to 29.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.97 from a horizontal line in the daily time frame.
- Support @25.04 from a trend line in the weekly time frame.
- Support @24.22 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @29.42 from a trend line in the daily time frame.
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 GEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GEN is up. |
| ChartMill Relative Strength | 77.43 | POSITIVE | GEN has a high relative strength, it outperformed 77.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.84 | NEUTRAL | The RSI value for GEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests GEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.3 | NEUTRAL | The Stochastics value for GEN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for GEN suggests low volalility. |
| Average Directional Index/ADX (14) | 24.75 | NEUTRAL | The ADX value for GEN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.40 | 28.80 | 0.60 (2.04%) | 25.00% |
| An entry @29.40. This is a Buy Stop order right above the resistance zone. | An exit @28.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.60 points, which is 2.04%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- The distance between exit and entry is rather small compared to the average daily movement of GEN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
29.4
+0.12 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.41%
1 Week2.05%
2 Weeks-1.28%
1 Month3.23%
3 Month23.63%
6 Month6.91%
12 Month19.32%
2 Year58.49%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%1.88%
ATR Inc-6.95%
Range Today0.43
ADR(20)0.54
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.43
Mansfield0.02
10 Day High30.29
10 Day Low28.46
20 Day High30.44
20 Day Low27.93
52 Week High31.72
52 Week Low22.74
CS1 End29.03
CR1 Start29.29
Volume & EV
DER(3)2.68%
DER(5)3.96%
Volume3.70M
Volume Incr-12.36%
Vol(5)4.92M
Vol(50)4.89M