GENTEX CORP (GNTX) Stock Technical Analysis
NASDAQ:GNTX - Nasdaq - US3719011096 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to GNTX. Recently some decent action could be observed, but in the medium term time frame this is still negative. GNTX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GNTX is a bad performer in the overall market: 88% of all stocks are doing better.
GNTX is one of the lesser performing stocks in the Automobile Components industry. 87% of 81 stocks in the same industry do better.
GNTX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GNTX has a been trading in the 21.05 - 23.29 range, which is quite wide. It is currently trading near the high of this range.
GNTX has an average volume of 2219460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of GNTX is bad and it also does not present a quality setup 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
20.61
25.91
When analyzing the support we can see 2 important areas.
- A support zone ranging from 21.85 to 21.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.82 to 21.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 23.23 to 23.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.65 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for GNTX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GNTX is up. |
| ChartMill Relative Strength | 12.58 | NEGATIVE | GNTX has a low relative strength, it was outperformed by 87.42% 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 | NEGATIVE | The current price of GNTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.87 | NEUTRAL | The RSI value for GNTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests GNTX has a positive trend. |
| Stochastics (14,3) | 82.35 | OVERBOUGHT | The high Stochastics value suggests GNTX may be overbought. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for GNTX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.31 | NEGATIVE | The low ADX value for GNTX suggests a weak or negative 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)
23.13
-0.09 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.39%
1 Week7.38%
2 Weeks8.23%
1 Month8.43%
3 Month4.86%
6 Month-17.21%
12 Month-30.6%
2 Year-30.87%
3 Year-17.74%
5 Year-13.99%
10 Year44.37%
15 Year140.94%
Volatility
ATR(14)0.52
ATR(20)%2.11%
ATR Inc97.29%
Range Today0.29
ADR(20)0.46
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.58
Mansfield-1.99
10 Day High23.29
10 Day Low21.05
20 Day High23.29
20 Day Low21.05
52 Week High35.32
52 Week Low20.28
CS1 End21.98
CR1 Start23.07
Volume & EV
DER(3)6.04%
DER(5)4.62%
Volume1.26M
Volume Incr13.9%
Vol(5)2.31M
Vol(50)2.22M