GENTHERM INC (THRM) Stock Technical Analysis
NASDAQ:THRM - Nasdaq - US37253A1034 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to THRM. In the past year, THRM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, THRM does present a nice setup opportunity. 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 30.89. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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25.46
When analyzing the support we can see 3 important areas.
- A support zone ranging from 28.23 to 28.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @27.44 from a horizontal line in the daily time frame.
- Support @25.72 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.89 to 31.11. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for THRM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THRM is up. |
| ChartMill Relative Strength | 18.47 | NEGATIVE | THRM has a low relative strength, it was outperformed by 81.53% off all stocks 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 | NEGATIVE | The current price of THRM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.08 | NEUTRAL | The RSI value for THRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests THRM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.12 | NEUTRAL | The Stochastics value for THRM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for THRM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.41 | POSITIVE | The high ADX value value for THRM suggests a strong trend. |
30.88
-0.23 (-0.74%)