GENCOR INDUSTRIES INC (GENC) Stock Technical Analysis
NYSEARCA:GENC - US3686781085 - Common Stock
16.24 USD
+0.65 (+4.17%)
16.24 USD
0 (0%)
Overall GENC gets a technical rating of 7 out of 10. Although GENC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
66% of all other stocks performed better in the past year than GENC.
GENC is part of the Machinery industry. There are 127 other stocks in this industry, of which 63% are performing better than GENC.
The long and short term trends are both positive. This is looking good!
GENC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GENC is lagging the market.
In the last month GENC has a been trading in the 13.71 - 17.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, GENC 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 14.82, 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
13.69
17.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.72 to 14.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.83 to 14.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @16.89 from a horizontal 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 GENC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GENC is up. |
| ChartMill Relative Strength | 34.14 | NEUTRAL | GENC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GENC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GENC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GENC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.59 | NEUTRAL | The RSI value for GENC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests GENC has a positive trend. |
| Stochastics (14,3) | 91.65 | OVERBOUGHT | The high Stochastics value suggests GENC may be overbought. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for GENC suggests high volalility. |
| Average Directional Index/ADX (14) | 13.93 | NEGATIVE | The low ADX value for GENC suggests a weak or negative 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 |
|---|---|---|---|
| 16.90 | 14.71 | 2.19 (12.96%) | 7.72% |
| An entry @16.90. This is a Buy Stop order right above the resistance zone. | An exit @14.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.19 points, which is 12.96%. | When investing 7.72% 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.
16.24
+0.65 (+4.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg4.17%
1 Week6.56%
2 Weeks9.29%
1 Month2.78%
3 Month20.47%
6 Month27.47%
12 Month-19.44%
2 Year13.73%
3 Year62.89%
5 Year28.79%
10 Year301.98%
15 Year421.26%
Volatility
ATR(14)0.89
ATR(20)%6.05%
ATR Inc-36.3%
Range Today0.82
ADR(20)0.95
ADR(20)%5.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.14
Mansfield-0.92
10 Day High16.33
10 Day Low13.94
20 Day High17.4
20 Day Low13.71
52 Week High22.82
52 Week Low10.8
CS1 End14.82
CR1 Start16.89
Volume & EV
DER(3)-3.42%
DER(5)-5.84%
Volume56.40K
Volume Incr-26.04%
Vol(5)49.72K
Vol(50)45.03K