GORMAN-RUPP CO (GRC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GRC - US3830821043 - Common Stock
Overall GRC gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GRC is only an average performer.
GRC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 45.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GRC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
32.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 44.43 to 45.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.55 from a horizontal line in the daily time frame.
- Support @32.55 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @47.50 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 | 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 | 69.58 | NEUTRAL | GRC is not amongst the best or worst performers 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) | 54.18 | NEUTRAL | The RSI value for GRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests GRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.6 | OVERBOUGHT | The high Stochastics value suggests GRC may be overbought. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for GRC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.27 | NEGATIVE | The low ADX value for GRC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 47.51 | 44.42 | 3.09 (6.50%) | 15.38% |
| An entry @47.51. This is a Buy Stop order right above the resistance zone. | An exit @44.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.09 points, which is 6.50%. | For a 1.00% total portfolio risk, you can invest 15.38% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
46.25
+0.24 (+0.52%)
GORMAN-RUPP CO / GRC FAQ
What is the technical rating for GRC stock?
ChartMill assigns a technical rating of 7 / 10 to GRC.
Can you provide the trend direction for GORMAN-RUPP CO?
The current trend direction for GORMAN-RUPP CO (GRC) is Bullish.
What is the RSI signal for GORMAN-RUPP CO (GRC) stock?
GORMAN-RUPP CO (GRC) has an RSI value of 54.1846. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GORMAN-RUPP CO?
The MACD indicator for GORMAN-RUPP CO (GRC) has a value of 0.183989, indicating a bearish trend.
What is the short term momentum for GORMAN-RUPP CO (GRC) stock?
The short term momentum for GORMAN-RUPP CO (GRC) is positive.