GENTEX CORP. - Daily - Technical analysis published on 07/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 22.79 USD
My targets
23.93 USD (+0.93%)
25.22 USD (+6.37%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 22.79 USD remains possible. It is advisable to trade GENTEX CORP. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 22.79 USD. The next bullish objective for buyers is set at 23.93 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.22 USD. PS: if there is a bearish break in the support located at 22.79 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GENTEX CORP. rating is 23.71 USD. On the day, this instrument lost -0.71% with the lowest point at 23.50 USD and the highest point at 23.89 USD. The deviation from the price is +0.89% for the low point and -0.75% for the high point.23.50
23.89
23.71
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GENTEX CORP. indicates that the overall trend is bullish. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 21.36 | 22.07 | 22.79 | 23.71 | 23.93 | 25.22 |
| Change (%) | -9.91% | -6.92% | -3.88% | - | +0.93% | +6.37% |
| Change | -2.35 | -1.64 | -0.92 | - | +0.22 | +1.51 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.23 | 23.39 | 23.64 | 23.80 | 24.05 | 24.21 | 24.46 |
| Camarilla | 23.77 | 23.81 | 23.84 | 23.88 | 23.92 | 23.96 | 23.99 |
| Woodie | 23.27 | 23.41 | 23.68 | 23.82 | 24.09 | 24.23 | 24.50 |
| Fibonacci | 23.39 | 23.55 | 23.65 | 23.80 | 23.96 | 24.06 | 24.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.19 | 22.73 | 23.30 | 23.84 | 24.42 | 24.96 | 25.53 |
| Camarilla | 23.57 | 23.68 | 23.78 | 23.88 | 23.98 | 24.08 | 24.19 |
| Woodie | 22.21 | 22.74 | 23.32 | 23.85 | 24.44 | 24.97 | 25.55 |
| Fibonacci | 22.73 | 23.15 | 23.42 | 23.84 | 24.27 | 24.53 | 24.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.51 | 19.88 | 22.25 | 23.62 | 25.99 | 27.36 | 29.73 |
| Camarilla | 23.58 | 23.92 | 24.27 | 24.61 | 24.95 | 25.30 | 25.64 |
| Woodie | 19.00 | 20.13 | 22.74 | 23.87 | 26.48 | 27.61 | 30.22 |
| Fibonacci | 19.88 | 21.31 | 22.20 | 23.62 | 25.05 | 25.94 | 27.36 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.30 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 2.11 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 24.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.43 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 23.46 | |
| Zig ZAG (10): | 23.71 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 25.46 | |
| TEMA (21): | 23.94 | |
| Williams %R (14): | -74.35 | |
| Chande Momentum Oscillator (20): | -0.66 | |
| Repulse (5,40,3): | 0.5900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 1.55 |
| MA7: | 23.81 | |
| MA20: | 24.05 | |
| MA50: | 23.22 | |
| MA100: | 22.18 | |
| MAexp7: | 23.83 | |
| MAexp20: | 23.86 | |
| MAexp50: | 23.31 | |
| MAexp100: | 22.68 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -1.41% | |
| Price / MA50: | +2.11% | |
| Price / MA100: | +6.90% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -0.63% | |
| Price / MAexp50: | +1.72% | |
| Price / MAexp100: | +4.54% |
News
The last news published on GENTEX CORP. at the time of the generation of this analysis was as follows:
- Gentex Reports Second Quarter 2019 Earnings Release Date and Conference Call
- Gentex Announces Second Quarter 2019 Cash Dividend
- Gentex Recognized by General Motors as a 2018 Supplier of the Year Winner
- Gentex Reports First Quarter 2019 Financial Results
- Gentex Reports First Quarter 2019 Earnings Release Date and Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
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