GENUINE PARTS CO. - Daily - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 100.67 USD
My targets
105.21 USD (+0.85%)
107.94 USD (+3.47%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GENUINE PARTS CO. as long as the price remains well above 100.67 USD. The buyers” bullish objective is set at 105.21 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 107.94 USD. If there is any crossing, the next objective would be the resistance located at 110.81 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GENUINE PARTS CO. rating 104.32 USD. The price registered a decrease of -0.36% on the session and was between 103.28 USD and 104.65 USD. This implies that the price is at +1.01% from its lowest and at -0.32% from its highest.103.28
104.65
104.32
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GENUINE PARTS CO. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 92.55 | 96.42 | 100.67 | 104.32 | 105.21 | 107.94 | 110.81 |
| Change (%) | -11.28% | -7.57% | -3.50% | - | +0.85% | +3.47% | +6.22% |
| Change | -11.77 | -7.90 | -3.65 | - | +0.89 | +3.62 | +6.49 |
| Level | Major | Major | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.01 | 103.75 | 104.23 | 104.97 | 105.45 | 106.19 | 106.67 |
| Camarilla | 104.37 | 104.48 | 104.59 | 104.70 | 104.81 | 104.92 | 105.04 |
| Woodie | 102.87 | 103.69 | 104.09 | 104.91 | 105.31 | 106.13 | 106.53 |
| Fibonacci | 103.75 | 104.22 | 104.51 | 104.97 | 105.44 | 105.73 | 106.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.88 | 102.90 | 104.53 | 106.55 | 108.18 | 110.20 | 111.83 |
| Camarilla | 105.15 | 105.48 | 105.82 | 106.15 | 106.49 | 106.82 | 107.15 |
| Woodie | 100.68 | 102.80 | 104.33 | 106.45 | 107.98 | 110.10 | 111.63 |
| Fibonacci | 102.90 | 104.30 | 105.16 | 106.55 | 107.95 | 108.81 | 110.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.90 | 87.65 | 95.12 | 99.87 | 107.34 | 112.09 | 119.56 |
| Camarilla | 99.22 | 100.34 | 101.46 | 102.58 | 103.70 | 104.82 | 105.94 |
| Woodie | 84.25 | 88.33 | 96.47 | 100.55 | 108.69 | 112.77 | 120.91 |
| Fibonacci | 87.65 | 92.32 | 95.21 | 99.87 | 104.54 | 107.43 | 112.09 |
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): | 55.54 | |
| MACD (12,26,9): | 2.0100 | |
| Directional Movement: | 7.60 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 106.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.35 | |
| Elder Ray (13): | -0.73 | |
| Super Trend (3,10): | 102.13 | |
| Zig ZAG (10): | 104.04 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 49.31 | |
| TEMA (21): | 106.83 | |
| Williams %R (14): | -61.84 | |
| Chande Momentum Oscillator (20): | 0.56 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3400 | |
| Courbe Coppock: | 6.65 |
| MA7: | 106.10 | |
| MA20: | 104.12 | |
| MA50: | 99.59 | |
| MA100: | 97.43 | |
| MAexp7: | 105.31 | |
| MAexp20: | 103.66 | |
| MAexp50: | 100.46 | |
| MAexp100: | 99.06 | |
| Price / MA7: | -1.68% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +4.75% | |
| Price / MA100: | +7.07% | |
| Price / MAexp7: | -0.94% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +3.84% | |
| Price / MAexp100: | +5.31% |
News
The latest news and videos published on GENUINE PARTS CO. at the time of the analysis were as follows:
- Investor Network: Genuine Parts Company to Host Earnings Call
- Gunpowder Capital Corp., Has Conducted And Has Closed A Non-Brokered Private Placement Raise For $300,100.00 CDN
- Eastgate Biotech Corp. Engages a New Independent Auditor
- Eastgate Biotech Engages Agent to Identify Suitable Joint Venture Partners and Suppliers in the Philippines
- Gunpowder Capital Corp., Closes First Tranche of Its Non-Brokered Private Placement Raise, Purchases Investment Portfolio
This member declared not having a position on this financial instrument or a related financial instrument.
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