GENERAC HOLDINGS INC (GNRC) Stock Technical Analysis
NYSE:GNRC - New York Stock Exchange, Inc. - US3687361044 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to GNRC. Although GNRC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
GNRC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that GNRC is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this relatively good performance is mostly due to a recent big move.
GNRC is an average performer in the Electrical Equipment industry, it outperforms 56% of 94 stocks in the same industry.
GNRC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GNRC is lagging the market.
Besides having an excellent technical rating, GNRC 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. There is a resistance zone just above the current price starting at 151.03. Right above this resistance zone may be a good entry point.
More info and screens
110.76
153.97
When analyzing the support we can see 5 important areas.
- A support zone ranging from 148.61 to 150.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 130.14 to 131.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @122.87 from a horizontal line in the daily time frame.
- Support @115.05 from a trend line in the weekly time frame.
- Support @111.88 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 151.03 to 152.45. 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 GNRC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GNRC is up. |
| ChartMill Relative Strength | 73.7 | POSITIVE | GNRC has a high relative strength, it outperformed 73.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GNRC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GNRC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GNRC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.97 | NEUTRAL | The RSI value for GNRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests GNRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.97 | OVERBOUGHT | The high Stochastics value suggests GNRC may be overbought. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for GNRC suggests some volalility. |
| Average Directional Index/ADX (14) | 35.79 | POSITIVE | The high ADX value value for GNRC 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 |
|---|---|---|---|
| 152.46 | 148.60 | 3.86 (2.53%) | 25.00% |
| An entry @152.46. This is a Buy Stop order right above the resistance zone. | An exit @148.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.86 points, which is 2.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- The distance between exit and entry is rather small compared to the average daily movement of GNRC. 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.
150.42
-1.57 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.03%
1 Week-1.28%
2 Weeks5.7%
1 Month15.9%
3 Month36.44%
6 Month-4.46%
12 Month-2.29%
2 Year-2.13%
3 Year-43.94%
5 Year-4.54%
10 Year328.91%
15 Year918.42%
Volatility
ATR(14)4.09
ATR(20)%2.47%
ATR Inc-20.34%
Range Today2.15
ADR(20)3.56
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.7
Mansfield-0.51
10 Day High154.26
10 Day Low140.75
20 Day High154.26
20 Day Low123.66
52 Week High195.94
52 Week Low99.5
CS1 End150.41
CR1 Start151.03
Volume & EV
DER(3)-1.61%
DER(5)-1.61%
Volume661.90K
Volume Incr-15.66%
Vol(5)869.60K
Vol(50)908.10K