GROUP 1 AUTOMOTIVE INC (GPI) Technical Analysis
NYSE:GPI • US3989051095
Overall GPI gets a technical rating of 0 out of 10. GPI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, GPI is a bad performer in the overall market: 86% of all stocks are doing better.
- GPI is one of the lesser performing stocks in the Specialty Retail industry. 69% of 124 stocks in the same industry do better.
- GPI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month GPI has a been trading in the 306.74 - 347.81 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, GPI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 312.82, a Stop Loss order could be placed below this zone.
More info and screens
309.69
When analyzing the support we notice one important area.
- A support zone ranging from 312.82 to 312.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 342.31 to 342.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @375.15 from a trend line in the daily time frame.
- Resistance @387.76 from a trend line in the daily time frame.
- Resistance @406.10 from a horizontal line in the daily time frame.
- Resistance @481.31 from a horizontal 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 GPI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GPI is down. |
| ChartMill Relative Strength | 14.68 | NEGATIVE | GPI has a low relative strength, it was outperformed by 85.32% 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) | DOWN | NEGATIVE | The current price of GPI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.16 | OVERSOLD | The low RSI value suggests GPI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests GPI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.18 | OVERSOLD | The low Stochastics value suggests GPI may be oversold. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for GPI suggests some volalility. |
| Average Directional Index/ADX (14) | 39.74 | POSITIVE | The high ADX value value for GPI suggests a strong trend. |
GPI Technicals: Chart, Performance Metrics, Trend & Indicators
312.83
-0.11 (-0.04%)
GROUP 1 AUTOMOTIVE INC / GPI FAQ
Can you provide the ChartMill technical rating for GROUP 1 AUTOMOTIVE INC?
ChartMill assigns a technical rating of 0 / 10 to GPI.
Can you provide the trend direction for GROUP 1 AUTOMOTIVE INC?
The current trend direction for GROUP 1 AUTOMOTIVE INC (GPI) is Bearish.
What is the RSI signal for GPI stock?
GROUP 1 AUTOMOTIVE INC (GPI) has an RSI value of 29.1588. This indicates that the stock is currently oversold.
What is the buy/sell signal for GROUP 1 AUTOMOTIVE INC (GPI) stock?
The buy/sell signal for GROUP 1 AUTOMOTIVE INC (GPI) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for GROUP 1 AUTOMOTIVE INC (GPI) stock?
GROUP 1 AUTOMOTIVE INC (GPI) has a support level at 312.82 and a resistance level at 342.31. Check the full technical report for our detailed analysis of GPI support and resistance levels.