GPI Technical Analysis - GROUP 1 AUTOMOTIVE INC

Technical Rating and Analysis

Overall GPI gets a technical rating of 3 out of 10. GPI has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month GPI has a been trading in the 422.99 - 488.39 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When compared to the yearly performance of all other stocks, GPI outperforms 65% of them, which is more or less in line with the market.

GPI is an average performer in the Specialty Retail industry, it outperforms 62% of 122 stocks in the same industry.

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.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

GROUP 1 AUTOMOTIVE INC / GPI Weekly stock chart

GROUP 1 AUTOMOTIVE INC / GPI Daily stock chart

Setup Rating and Analysis

GPI has a poor technical rating and the quality of the setup is also not perfect 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

402.03

493.14

When analyzing the support we can see 2 important areas.

A support zone ranging from 424.77 to 429.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 406.09 to 412.03. 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 448.41 to 448.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 481.31 to 488.26. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	65.36	NEUTRAL	GPI is not amongst the best or worst performers 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)	UP	POSITIVE	The current price of GPI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GPI is above the rising SMA(200).
Relative Strength Index/RSI (14)	47.01	NEUTRAL	The RSI value for GPI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-3.08	NEGATIVE	The MACD value suggests GPI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	28.26	NEUTRAL	The Stochastics value for GPI is a neutral value.
Average True Range in percent/ATR (20)	2.76	MEDIUM VOLATILITY	The ATR as a percentage value for GPI suggests some volalility.
Average Directional Index/ADX (14)	17.45	NEGATIVE	The low ADX value for GPI suggests a weak or negative trend.