GENTHERM INC (THRM) Stock Technical Analysis
NASDAQ:THRM - US37253A1034 - Common Stock
We assign a technical rating of 8 out of 10 to THRM. Although THRM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
THRM 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 a resistance zone just above the current price starting at 36.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.05, a Stop Loss order could be placed below this zone.
More info and screens
34.71
We found 1 important support area.
- A support zone ranging from 35.06 to 36.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.51 to 37.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 THRM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THRM is up. |
| ChartMill Relative Strength | 48.68 | NEUTRAL | THRM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of THRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of THRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of THRM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.74 | NEUTRAL | The RSI value for THRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests THRM has a negative trend. |
| Stochastics (14,3) | 49.44 | NEUTRAL | The Stochastics value for THRM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for THRM suggests some volalility. |
| Average Directional Index/ADX (14) | 33.99 | POSITIVE | The high ADX value value for THRM suggests a strong 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 |
|---|---|---|---|
| 37.18 | 35.05 | 2.13 (5.73%) | 17.46% |
| An entry @37.18. This is a Buy Stop order right above the resistance zone. | An exit @35.05. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.13 points, which is 5.73%. | When investing 17.46% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
36.055
+0.2 (+0.57%)