GENTEX CORP (GNTX) Stock Technical Analysis
NASDAQ:GNTX - Nasdaq - US3719011096 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to GNTX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GNTX is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
GNTX 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.
GNTX has an average volume of 2419760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, GNTX turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
GNTX is part of the Automobile Components industry. There are 80 other stocks in this industry, GNTX did better than 45% of them.
GNTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GNTX is lagging the market.
Although GNTX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
20.62
28.76
We found 5 important support areas.
- Support @27.69 from a trend line in the daily time frame.
- A support zone ranging from 25.86 to 26.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.51 to 24.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.17 to 21.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 27.85 to 27.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.48 from a horizontal line 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 GNTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GNTX is up. |
| ChartMill Relative Strength | 57.99 | NEUTRAL | GNTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GNTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GNTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GNTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.78 | OVERBOUGHT | The high RSI value suggests GNTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GNTX has a positive trend. |
| Stochastics (14,3) | 83.11 | OVERBOUGHT | The high Stochastics value suggests GNTX may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for GNTX suggests some volalility. |
| Average Directional Index/ADX (14) | 39.15 | POSITIVE | The high ADX value value for GNTX 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)
27.84
+0.61 (+2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg2.24%
1 Week4.62%
2 Weeks3%
1 Month19.95%
3 Month20.68%
6 Month13.73%
12 Month-6.07%
2 Year-14.76%
3 Year2.02%
5 Year2.92%
10 Year79.61%
15 Year216.72%
Volatility
ATR(14)0.86
ATR(20)%2.7%
ATR Inc-24.44%
Range Today0.65
ADR(20)0.59
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.99
Mansfield-0.36
10 Day High27.9
10 Day Low25.94
20 Day High27.98
20 Day Low22.83
52 Week High31.75
52 Week Low20.28
CS1 End27.69
CR1 Start27.85
Volume & EV
DER(3)1.49%
DER(5)1.97%
Volume1.47M
Volume Incr-42.51%
Vol(5)1.74M
Vol(50)2.42M