GENERAC HOLDINGS INC (GNRC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:GNRC • US3687361044
Overall GNRC gets a technical rating of 10 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, GNRC is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GNRC did better than 90% of all other stocks.
- GNRC is part of the Electrical Equipment industry. There are 91 other stocks in this industry. GNRC outperforms 72% of them.
- GNRC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GNRC has a been trading in the 153.00 - 220.85 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- GNRC has an average volume of 1107150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GNRC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
137.98
When analyzing the support we can see 2 important areas.
- Support @145.32 from a trend line in the weekly time frame.
- A support zone ranging from 139.37 to 140.22. This zone is formed by a combination of multiple trend lines 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 GNRC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GNRC is up. |
| ChartMill Relative Strength | 90.96 | POSITIVE | GNRC has a high relative strength, it outperformed 90.96% 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) | 78.24 | OVERBOUGHT | The high RSI value suggests GNRC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.94 | POSITIVE | The MACD value suggests GNRC has a positive trend. |
| Stochastics (14,3) | 90.9 | OVERBOUGHT | The high Stochastics value suggests GNRC may be overbought. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for GNRC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.51 | POSITIVE | The high ADX value value for GNRC suggests a strong trend. |
214.99
+32.69 (+17.93%)
GENERAC HOLDINGS INC / GNRC FAQ
What is the ChartMill technical rating of GENERAC HOLDINGS INC (GNRC) stock?
ChartMill assigns a technical rating of 10 / 10 to GNRC.
Can you provide the trend direction for GENERAC HOLDINGS INC?
The current trend direction for GENERAC HOLDINGS INC (GNRC) is Bullish.
Can you provide the RSI signal for GENERAC HOLDINGS INC?
GENERAC HOLDINGS INC (GNRC) has an RSI value of 78.2377. This indicates that the stock is currently overbought.
What is the short term momentum for GNRC stock?
The short term momentum for GENERAC HOLDINGS INC (GNRC) is positive.
What is the buy/sell signal for GNRC stock?
The buy/sell signal for GENERAC HOLDINGS INC (GNRC) is buy as both the short term and long term trends are positive.