GEN DIGITAL INC (GEN) Stock Technical Analysis
NASDAQ:GEN - Nasdaq - US6687711084 - Common Stock - Currency: USD
Overall GEN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GEN is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
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 28.64 - 30.82 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
GEN has an average volume of 4515420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GEN is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
GEN is part of the Software industry. There are 282 other stocks in this industry, GEN did better than 65% of them.
Besides having an excellent technical rating, GEN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 30.28, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
23.98
31.46
3 important support areas can be observed.
- A support zone ranging from 28.69 to 30.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.33 from a trend line in the weekly time frame.
- Support @24.22 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @31.15 from a horizontal line in the weekly 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 | 77.75 | POSITIVE | GEN has a high relative strength, it outperformed 77.75% 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) | 60.56 | NEUTRAL | The RSI value for GEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.04 | OVERBOUGHT | The high Stochastics value suggests GEN may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for GEN suggests low volalility. |
| Average Directional Index/ADX (14) | 20.81 | 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 |
|---|---|---|---|
| 31.16 | 29.08 | 2.08 (6.67%) | 14.98% |
| An entry @31.16. This is a Buy Stop order right above the resistance zone. | An exit @29.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.08 points, which is 6.67%. | When investing 14.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
30.61
+0.09 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.29%
1 Week1.12%
2 Weeks6.69%
1 Month3.94%
3 Month21.18%
6 Month11.55%
12 Month17.32%
2 Year57.38%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%1.71%
ATR Inc-47.14%
Range Today0.35
ADR(20)0.49
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.75
Mansfield0.11
10 Day High30.82
10 Day Low29.09
20 Day High30.82
20 Day Low28.65
52 Week High31.72
52 Week Low22.74
CS1 End30.28
CR1 Start31.15
Volume & EV
DER(3)1.09%
DER(5)0.85%
Volume1.92M
Volume Incr-38.75%
Vol(5)2.58M
Vol(50)4.52M