GMS INC (GMS) Stock Technical Analysis
NYSE:GMS - US36251C1036 - Common Stock
109.84 USD
-0.01 (-0.01%)
109.84 USD
0 (0%)
Overall GMS gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GMS is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
GMS is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry. GMS outperforms 80% of them.
GMS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
GMS has an average volume of 1675180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GMS is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month GMS has a been trading in a tight range between 109.20 and 109.90.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GMS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 109.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 109.70, 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
111.15
We found 4 important support areas.
- A support zone ranging from 109.42 to 109.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.75 from a trend line in the daily time frame.
- Support @73.90 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 109.90 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 | 88.36 | POSITIVE | GMS has a high relative strength, it outperformed 88.36% 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) | 72.61 | OVERBOUGHT | The high RSI value suggests GMS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests GMS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 92.66 | OVERBOUGHT | The high Stochastics value suggests GMS may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for GMS suggests low volalility. |
| Average Directional Index/ADX (14) | 50.54 | POSITIVE | The high ADX value value for GMS 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 |
|---|---|---|---|
| 110.06 | 109.35 | 0.72 (0.65%) | 25.00% |
| An entry @110.06. This is a Buy Stop order right above the resistance zone. | An exit @109.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.72 points, which is 0.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.16%. |
- 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.
109.84
-0.01 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.01%
1 Week0.35%
2 Weeks0.24%
1 Month0.23%
3 Month45.05%
6 Month37.99%
12 Month26.57%
2 Year58.42%
3 Year127.91%
5 Year314.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%0.2%
ATR Inc-71.95%
Range Today0.04
ADR(20)0.2
ADR(20)%0.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.36
Mansfield1.37
10 Day High109.9
10 Day Low109.36
20 Day High109.9
20 Day Low109.2
52 Week High110.28
52 Week Low65.77
CS1 End109.7
CR1 Start109.9
Volume & EV
DER(3)0.97%
DER(5)1.28%
Volume458.40K
Volume Incr4.97%
Vol(5)1.08M
Vol(50)1.68M