GROUP 1 AUTOMOTIVE INC (GPI) Stock Technical Analysis
NYSE:GPI - New York Stock Exchange, Inc. - US3989051095 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to GPI. Although GPI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month GPI has a been trading in the 403.73 - 486.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Looking at the yearly performance, GPI did better than 77% of all other stocks.
GPI is one of the better performing stocks in the Specialty Retail industry, it outperforms 74% of 122 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
GPI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GPI is lagging the market.
The technical rating of GPI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
368.57
488.92
When analyzing the support we can see 3 important areas.
- Support @397.33 from a trend line in the weekly time frame.
- Support @390.21 from a trend line in the daily time frame.
- A support zone ranging from 372.29 to 375.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 411.03 to 417.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 433.21 to 439.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @484.08 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 | NEUTRAL | NEUTRAL | The long term trend for GPI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GPI is down. |
| ChartMill Relative Strength | 77.1 | POSITIVE | GPI has a high relative strength, it outperformed 77.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GPI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GPI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GPI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.12 | NEUTRAL | The RSI value for GPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.41 | NEGATIVE | The MACD value suggests GPI has a negative trend. |
| Stochastics (14,3) | 14.85 | OVERSOLD | The low Stochastics value suggests GPI may be oversold. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for GPI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.02 | NEUTRAL | The ADX value for GPI suggests a possible start of a new 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)
411.02
+4.92 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg1.21%
1 Week-13.87%
2 Weeks-11.8%
1 Month-6.38%
3 Month5.02%
6 Month-8.18%
12 Month35.63%
2 Year58.98%
3 Year132.32%
5 Year389.19%
10 Year323.86%
15 Year1382.76%
Volatility
ATR(14)16.21
ATR(20)%3.58%
ATR Inc67.37%
Range Today9.53
ADR(20)14.37
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.1
Mansfield-0.7
10 Day High486.5
10 Day Low403.73
20 Day High486.5
20 Day Low403.73
52 Week High490.09
52 Week Low298.92
CS1 End397.33
CR1 Start411.03
Volume & EV
DER(3)-0.7%
DER(5)0.31%
Volume167.50K
Volume Incr17.82%
Vol(5)235.44K
Vol(50)166.89K