GRAHAM CORP (GHM) Stock Technical Analysis
NYSE:GHM - New York Stock Exchange, Inc. - US3845561063 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to GHM. GHM has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
GHM is one of the better performing stocks in the Machinery industry, it outperforms 85% of 128 stocks in the same industry.
In the last month GHM has a been trading in the 29.58 - 38.40 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that GHM is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GHM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GHM is lagging the market slightly.
GHM has an excellent technical rating and 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. We notice that large players showed an interest for GHM in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
26.78
38.37
When analyzing the support we can see 3 important areas.
- A support zone ranging from 36.76 to 36.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.98 from a trend line in the weekly time frame.
- Support @27.05 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 36.98 to 37.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.99 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 GHM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GHM is up. |
| ChartMill Relative Strength | 88.09 | POSITIVE | GHM has a high relative strength, it outperformed 88.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GHM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GHM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GHM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.18 | NEUTRAL | The RSI value for GHM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests GHM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.88 | OVERBOUGHT | The high Stochastics value suggests GHM may be overbought. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for GHM suggests some volalility. |
| Average Directional Index/ADX (14) | 30.25 | POSITIVE | The high ADX value value for GHM suggests a strong 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 |
|---|---|---|---|
| 37.31 | 36.75 | 0.56 (1.50%) | 25.00% |
| An entry @37.31. This is a Buy Stop order right above the resistance zone. | An exit @36.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.56 points, which is 1.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of GHM. Please evaluate whether better entry and exit points can be found.
- 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.
36.77
-0.27 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.73%
1 Week-0.35%
2 Weeks4.91%
1 Month16.47%
3 Month9.86%
6 Month-17.65%
12 Month24.9%
2 Year231.56%
3 Year396.22%
5 Year221.42%
10 Year65.41%
15 Year120.31%
Volatility
ATR(14)1.4
ATR(20)%3.76%
ATR Inc-13.05%
Range Today1.03
ADR(20)1.33
ADR(20)%3.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.09
Mansfield0.57
10 Day High38.4
10 Day Low34.27
20 Day High38.4
20 Day Low29.58
52 Week High52
52 Week Low24.78
CS1 End36.76
CR1 Start36.98
Volume & EV
DER(3)3.11%
DER(5)1.53%
Volume48.60K
Volume Incr3.98%
Vol(5)59.89K
Vol(50)70.68K