GRIFFON CORP (GFF) Stock Technical Analysis
NYSE:GFF • US3984331021
Taking everything into account, GFF scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month GFF has a been trading in the 80.46 - 97.58 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that GFF is one of the better performing stocks in the market, outperforming 74% of all stocks.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- GFF is part of the Building Products industry. There are 42 other stocks in this industry, GFF did better than 65% of them.
- GFF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GFF is lagging the market.
Besides having an excellent technical rating, GFF also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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66.53
When analyzing the support we can see 6 important areas.
- A support zone ranging from 85.23 to 85.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 82.57 to 83.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @75.26 from a horizontal line in the daily time frame.
- Support @72.34 from a trend line in the weekly time frame.
- Support @69.71 from a horizontal line in the weekly time frame.
- Support @67.20 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 94.84 to 94.84. 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 GFF is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GFF is down. |
| ChartMill Relative Strength | 74.04 | POSITIVE | GFF has a high relative strength, it outperformed 74.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GFF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GFF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GFF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.23 | NEUTRAL | The RSI value for GFF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.07 | NEGATIVE | The MACD value suggests GFF has a negative trend. |
| Stochastics (14,3) | 12.24 | OVERSOLD | The low Stochastics value suggests GFF may be oversold. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for GFF suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | NEUTRAL | The ADX value for GFF suggests a possible start of a new trend. |
85.24
-0.56 (-0.65%)
GRIFFON CORP / GFF FAQ
What is the ChartMill technical rating of GRIFFON CORP (GFF) stock?
ChartMill assigns a technical rating of 7 / 10 to GFF.
Can you provide the trend direction for GRIFFON CORP?
The current trend direction for GRIFFON CORP (GFF) is Bullish.
What is the RSI signal for GFF stock?
GRIFFON CORP (GFF) has an RSI value of 46.2349. This indicates that the stock is currently neutral.
What is the short term momentum for GRIFFON CORP (GFF) stock?
The short term momentum for GRIFFON CORP (GFF) is negative.
What is the buy/sell signal for GFF stock?
The buy/sell signal for GRIFFON CORP (GFF) is hold as the short term and long term trends are mixed.