General Finance Corp (GFN) Technical Analysis
NASDAQ:GFN
Current stock price
GFN Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to GFN. Both in the recent history as in the last year, GFN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GFN did better than 96% of all other stocks. On top of that, GFN also shows a nice and consistent pattern of rising prices.
- GFN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GFN is leading the market.
- In the last month GFN has a been trading in a tight range between 18.92 and 19.01.
GFN Weekly and Daily overview Charts
GFN Setup Rating and Analysis
Although GFN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
GFN Support and Resistance Analysis
7.22
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.96 to 18.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.68 from a trend line in the daily time frame.
- Support @13.43 from a trend line in the daily time frame.
- A support zone ranging from 7.29 to 7.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.02 to 19.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
GFN 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 GFN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GFN is up. |
| ChartMill Relative Strength | 96.67 | POSITIVE | GFN has a high relative strength, it outperformed 96.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GFN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GFN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GFN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 86.45 | OVERBOUGHT | The high RSI value suggests GFN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests GFN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.37 | NEUTRAL | The Stochastics value for GFN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for GFN suggests low volalility. |
GFN Chart- and CandleStick Pattern Analysis
GFN Example Setup
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 |
|---|---|---|---|
| 19.03 | 18.95 | 0.08 (0.42%) | 25.00% |
| An entry @19.03. This is a Buy Stop order right above the resistance zone. | An exit @18.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.08 points, which is 0.42%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
GFN Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:GFN (5/25/2021, 8:00:00 PM)
19.01
+0.02 (+0.11%)
General Finance Corp / GFN TA FAQ
What is the ChartMill technical rating of General Finance Corp (GFN) stock?
ChartMill assigns a technical rating of 10 / 10 to GFN.
What is the current trend direction of General Finance Corp (GFN) stock?
The current trend direction for General Finance Corp (GFN) is Bullish.
What is the RSI signal for GFN stock?
General Finance Corp (GFN) has an RSI value of 86.4469. This indicates that the stock is currently overbought.
What is the short term momentum for General Finance Corp (GFN) stock?
The short term momentum for General Finance Corp (GFN) is positive.
What are the support and resistance levels for General Finance Corp (GFN) stock?
General Finance Corp (GFN) has a support level at 18.97 and a resistance level at 19.02. Check the full technical report for our detailed analysis of GFN support and resistance levels.