GENTEX CORP (GNTX) Stock Technical Analysis
NASDAQ:GNTX - US3719011096 - Common Stock
28.48 USD
+0.36 (+1.28%)
28.48 USD
0 (0%)
Taking everything into account, GNTX scores 8 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
In the last month GNTX has a been trading in the 26.42 - 28.55 range, which is quite wide. It is currently trading near the high of this range.
GNTX has an average volume of 2366970 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 GNTX is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
GNTX is part of the Automobile Components industry. There are 80 other stocks in this industry, GNTX did better than 55% 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.
Besides having an excellent technical rating, GNTX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.34, 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
20.62
28.77
When analyzing the support we can see 4 important areas.
- A support zone ranging from 27.67 to 28.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.00 from a trend line in the daily time frame.
- 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 one important area.
- A resistance zone ranging from 28.48 to 28.49. 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 GNTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GNTX is up. |
| ChartMill Relative Strength | 70.35 | POSITIVE | GNTX has a high relative strength, it outperformed 70.35% off all stocks 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) | 66.16 | NEUTRAL | The RSI value for GNTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests GNTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.49 | NEUTRAL | The Stochastics value for GNTX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for GNTX suggests low volalility. |
| Average Directional Index/ADX (14) | 44.85 | 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)
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 |
|---|---|---|---|
| 28.50 | 27.66 | 0.84 (2.95%) | 25.00% |
| An entry @28.50. This is a Buy Stop order right above the resistance zone. | An exit @27.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.84 points, which is 2.95%. | For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
28.48
+0.36 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg1.28%
1 Week1.17%
2 Weeks3.9%
1 Month6.83%
3 Month33.02%
6 Month12.17%
12 Month-5.16%
2 Year-12.48%
3 Year19.46%
5 Year10.6%
10 Year83.74%
15 Year191.8%
Volatility
ATR(14)0.5
ATR(20)%1.77%
ATR Inc19.97%
Range Today0.51
ADR(20)0.48
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.35
Mansfield-0.02
10 Day High28.55
10 Day Low27.44
20 Day High28.55
20 Day Low26.42
52 Week High31.72
52 Week Low20.28
CS1 End28.34
CR1 Start28.48
Volume & EV
DER(3)2.43%
DER(5)1.92%
Volume2.18M
Volume Incr-8.58%
Vol(5)1.80M
Vol(50)2.37M