GENERAC HOLDINGS INC (GNRC) Technical Analysis
NYSE:GNRC • US3687361044
Current stock price
GNRC Technical Rating and Analysis
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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that GNRC is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, GNRC also shows a nice and consistent pattern of rising prices.
- GNRC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GNRC is lagging the market slightly.
- In the last month GNRC has a been trading in the 183.83 - 213.72 range, which is quite wide. It is currently trading near the high of this range.
- GNRC has an average volume of 1148480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GNRC is part of the Electrical Equipment industry. There are 91 other stocks in this industry, GNRC did better than 70% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GNRC Weekly and Daily overview Charts
GNRC Setup Rating and Analysis
GNRC 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. There is very little resistance above the current price. There is a support zone below the current price at 197.01, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
GNRC Support and Resistance Analysis
150.97
We found 3 important support areas.
- A support zone ranging from 193.69 to 197.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @185.49 from a horizontal line in the daily time frame.
- Support @152.49 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @236.59 from a horizontal line in the daily time frame.
GNRC Technical Indicator Signal Analysis
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 | 91.4 | POSITIVE | GNRC has a high relative strength, it outperformed 91.4% 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) | 57.49 | NEUTRAL | The RSI value for GNRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.57 | POSITIVE | The MACD value suggests GNRC has a positive trend. |
| Stochastics (14,3) | 84 | OVERBOUGHT | The high Stochastics value suggests GNRC may be overbought. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for GNRC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.12 | NEUTRAL | The ADX value for GNRC suggests a possible start of a new trend. |
GNRC Chart- and CandleStick Pattern Analysis
GNRC Example Setup
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 |
|---|---|---|---|
| 213.73 | 193.68 | 20.05 (9.38%) | 10.66% |
| An entry @213.73. This is a Buy Stop order right above the 10 day high. | An exit @193.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 20.05 points, which is 9.38%. | When investing 10.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
GNRC Technicals: Chart, Performance Metrics, Trend & Indicators
211.87
+6.71 (+3.27%)
GENERAC HOLDINGS INC / GNRC TA 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.
What is the RSI signal for GNRC stock?
GENERAC HOLDINGS INC (GNRC) has an RSI value of 57.4859. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GENERAC HOLDINGS INC?
The MACD indicator for GENERAC HOLDINGS INC (GNRC) has a value of 1.57206, indicating a bullish trend.
What is the short term momentum for GNRC stock?
The short term momentum for GENERAC HOLDINGS INC (GNRC) is positive.