GRC Technical Analysis - GORMAN-RUPP CO

Technical Rating and Analysis

Taking everything into account, GRC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRC is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, GRC did better than 81% of all other stocks.

GRC is part of the Machinery industry. There are 129 other stocks in this industry. GRC outperforms 77% of them.

GRC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month GRC has a been trading in the 41.98 - 47.20 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although GRC has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

32.22

47.35

When analyzing the support we can see 7 important areas.

A support zone ranging from 44.29 to 44.34. 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 42.06 to 42.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @40.85 from a horizontal line in the daily time frame.
Support @40.17 from a trend line in the daily time frame.
Support @38.30 from a trend line in the weekly time frame.
Support @33.26 from a trend line in the weekly time frame.
Support @32.55 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 46.88 to 46.88. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for GRC is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GRC is up.
ChartMill Relative Strength	81.78	POSITIVE	GRC has a high relative strength, it outperformed 81.78% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GRC is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GRC is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GRC is above the rising SMA(200).
Relative Strength Index/RSI (14)	69.86	NEUTRAL	The RSI value for GRC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests GRC has a positive trend.
Stochastics (14,3)	83.41	OVERBOUGHT	The high Stochastics value suggests GRC may be overbought.
Average True Range in percent/ATR (20)	2.18	MEDIUM VOLATILITY	The ATR as a percentage value for GRC suggests some volalility.
Average Directional Index/ADX (14)	39.25	POSITIVE	The high ADX value value for GRC suggests a strong trend.