GFF Technical Analysis - GRIFFON CORP

Technical Rating and Analysis

Overall GFF gets a technical rating of 5 out of 10. In the last year, GFF was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

GFF is one of the better performing stocks in the Building Products industry, it outperforms 80% of 41 stocks in the same industry.

When compared to the yearly performance of all other stocks, GFF outperforms 64% of them, which is more or less in line with the market.

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.

In the last month GFF has a been trading in the 72.43 - 82.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, GFF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

64.08

86.01

4 important support areas can be observed.

Support @70.59 from a trend line in the weekly time frame.
Support @69.27 from a trend line in the daily time frame.
A support zone ranging from 67.20 to 67.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 64.73 to 65.59. This zone is formed by a combination of multiple trend lines in the daily time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 77.22 to 77.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @80.91 from a horizontal line in the daily time frame.
Resistance @82.65 from a horizontal line in the daily time frame.
A resistance zone ranging from 84.30 to 85.16. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for GFF is neutral.
ChartMill Relative Strength	64.27	NEUTRAL	GFF is not amongst the best or worst performers 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)	DOWN	NEGATIVE	The current price of GFF is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of GFF is above a declining SMA(200).
Relative Strength Index/RSI (14)	46.4	NEUTRAL	The RSI value for GFF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.34	NEGATIVE	The MACD value suggests GFF has a negative trend.
Stochastics (14,3)	14.38	OVERSOLD	The low Stochastics value suggests GFF may be oversold.
Average True Range in percent/ATR (20)	2.88	MEDIUM VOLATILITY	The ATR as a percentage value for GFF suggests some volalility.
Average Directional Index/ADX (14)	14.36	NEGATIVE	The low ADX value for GFF suggests a weak or negative trend.