Gencorp Inc. (GY) Technical Analysis
NYSE:GY • US3686821006
Current stock price
GY Technical Rating and Analysis
Taking everything into account, GY scores 5 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- GY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the yearly performance of all stocks, we notice that GY is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- GY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GY is lagging the market.
- Considerably lower volume is observed in the last couple of days.
GY Weekly and Daily overview Charts
GY Setup Rating and Analysis
Although the technical rating is only medium, GY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 20.66, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GY 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
GY Support and Resistance Analysis
16.99
We found 4 important support areas.
- A support zone ranging from 20.39 to 20.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.33 from a trend line in the daily time frame.
- Support @18.02 from a trend line in the weekly time frame.
- Support @17.16 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.92 to 23.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
GY 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 GY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GY is down. |
| ChartMill Relative Strength | 80.32 | POSITIVE | GY has a high relative strength, it outperformed 80.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.37 | NEUTRAL | The RSI value for GY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests GY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.48 | OVERSOLD | The low Stochastics value suggests GY may be oversold. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for GY suggests some volalility. |
GY Chart- and CandleStick Pattern Analysis
GY Technicals: Chart, Performance Metrics, Trend & Indicators
20.8
-0.05 (-0.24%)
Gencorp Inc. / GY TA FAQ
What is the technical rating for GY stock?
ChartMill assigns a technical rating of 4 / 10 to GY.
Can you provide the trend direction for Gencorp Inc.?
The current trend direction for Gencorp Inc. (GY) is Bullish.
What is the RSI signal for GY stock?
Gencorp Inc. (GY) has an RSI value of 40.3723. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Gencorp Inc.?
The short term momentum for Gencorp Inc. (GY) is negative.
What are the support and resistance levels for Gencorp Inc. (GY) stock?
Gencorp Inc. (GY) has a support level at 20.66 and a resistance level at 22.92. Check the full technical report for our detailed analysis of GY support and resistance levels.