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Archive
- 11/8/2024 -
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Genuine Parts (GPC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Genuine Parts (GPC). During the week, the GPC gained 8.80 points, or 7.75%, and closed at 122.40 on Friday, November 8, 2024. Weekly volume was 59% above average.
 Long-term trend: [See GPC long-term trend chart]
A long-term downtrend had started on December 2, 2022 at 187.73 and reached 112.74 on October 22, 2024. GPC lost 74.99 points, or 39.95%, in 98 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 81.84 and resistance is at 152.82. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See GPC medium-term trend chart]
A medium-term downtrend had started on April 18, 2024 at 164.45 and reached 112.74 on October 22, 2024. GPC lost 51.71 points, or 31.44%, in 26 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (135.49) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See GPC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See GPC short-term trend chart]
A short-term uptrend had started on October 24, 2024 at 112.93 and reached 124.80 on November 7, 2024. GPC gained -11.87 points, or -10.51%, in 14 days. The price is now at the 20.22% retracement level.
Daily Technical Indicators: [See GPC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The distance between the Bollinger Bands is 291.05% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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