GRIFFON CORP (GFF) Stock Technical Analysis
USA - NYSE:GFF - US3984331021 - Common Stock
We assign a technical rating of 1 out of 10 to GFF. GFF has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
GFF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 72.13, a Stop Loss order could be placed below this zone.
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66.53
We found 3 important support areas.
- A support zone ranging from 71.99 to 72.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.65 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.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 75.22 to 76.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @77.83 from a horizontal line 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 84.30. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for GFF is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GFF is down. |
| ChartMill Relative Strength | 64.52 | NEUTRAL | GFF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GFF is below a declining 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 | NEGATIVE | The current price of GFF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.78 | NEUTRAL | The RSI value for GFF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests GFF has a negative trend. |
| Stochastics (14,3) | 30.54 | NEUTRAL | The Stochastics value for GFF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for GFF suggests some volalility. |
| Average Directional Index/ADX (14) | 10.13 | NEGATIVE | The low ADX value for GFF suggests a weak or negative trend. |
73.37
-0.5 (-0.68%)
GRIFFON CORP / GFF FAQ
What is the ChartMill technical rating of GRIFFON CORP (GFF) stock?
ChartMill assigns a technical rating of 1 / 10 to GFF.
What is the trend direction for GFF stock?
The current trend direction for GRIFFON CORP (GFF) is Bearish.
What is the RSI signal for GFF stock?
GRIFFON CORP (GFF) has an RSI value of 42.7825. This indicates that the stock is currently neutral.
What are the support and resistance levels for GRIFFON CORP (GFF) stock?
GRIFFON CORP (GFF) has a support level at 72.13 and a resistance level at 75.22. Check the full technical report for our detailed analysis of GFF support and resistance levels.