GMS INC (GMS) Stock Technical Analysis
USA - NYSE:GMS - US36251C1036 - Common Stock
Overall GMS gets a technical rating of 9 out of 10. Both in the recent history as in the last year, GMS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, GMS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 109.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 109.85, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
71.43
4 important support areas can be observed.
- A support zone ranging from 108.74 to 109.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @80.43 from a trend line in the daily time frame.
- Support @74.07 from a trend line in the weekly time frame.
- Support @72.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 109.97 to 110.05. 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 GMS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMS is up. |
| ChartMill Relative Strength | 87.45 | POSITIVE | GMS has a high relative strength, it outperformed 87.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GMS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GMS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GMS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.37 | OVERBOUGHT | The high RSI value suggests GMS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests GMS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 96.77 | OVERBOUGHT | The high Stochastics value suggests GMS may be overbought. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for GMS suggests low volalility. |
| Average Directional Index/ADX (14) | 50.15 | POSITIVE | The high ADX value value for GMS suggests a strong trend. |
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 |
|---|---|---|---|
| 110.06 | 109.45 | 0.61 (0.55%) | 25.00% |
| An entry @110.06. This is a Buy Stop order right above the resistance zone. | An exit @109.45. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.61 points, which is 0.55%. | For a 0.14% 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.
109.96
-0.01 (-0.01%)
GMS INC / GMS FAQ
What is the ChartMill technical rating of GMS INC (GMS) stock?
ChartMill assigns a technical rating of 9 / 10 to GMS.
Can you provide the trend direction for GMS INC?
The current trend direction for GMS INC (GMS) is Bullish.
Can you provide the RSI signal for GMS INC?
GMS INC (GMS) has an RSI value of 73.3679. This indicates that the stock is currently overbought.
What is the MACD signal for GMS stock?
The MACD indicator for GMS INC (GMS) has a value of -0.282237, indicating a bearish trend.
What is the buy/sell signal for GMS INC (GMS) stock?
The buy/sell signal for GMS INC (GMS) is buy as both the short term and long term trends are positive.