Technical Observations:
Pattern Recognition: The chart exhibits what looks like a cup and handle formation, a bullish continuation pattern, suggesting an upcoming rise if the pattern completes with a breakout above the handle.
Resistance Zone: There’s a clear resistance zone marked between approximately $149 to $160. A breakout above this zone could lead to a...
NYSE:GNRC
seekingalpha.com
I'm considering a strategic trade with Generac Holdings Inc., drawing from the technical analysis I've conducted and the latest financial data available. The key financials underscore a robust business model with significant revenue from Residential products, which could be indicative of a stable customer base and a potentially...
Hey traders, I've been watching GNRC and I think it's ready for a bounce. It's been in a downtrend for a while, but it's showing some bullish divergence on the RSI and MACD. It also broke above the 20-day EMA, which could act as support. I'm looking for a long entry around $350, with a stop loss below the recent low. My target is $400, where it could face some...
The latest results from Generac Holdings (GNRC 14.34%) -- released this morning -- seem to show that the worst is over for the maker of power generators, and investors are breathing a sigh of relief.
Results rebound after a bumpy summer
Generac makes power generators for homes and businesses. Given the number of headlines in recent years about massive storms and...
GNRC is looking like a buy with short term target of 125-130. Seems like a 2nd 3 wave then should get a pretty bullish looking 5 wave up to 200ish, but may really be the end of a big 3-3-5 flat corrective wave from the bear move.
There was a correction, followed by a compression or tightening of price action, and then a breakout occurred at the level of 152.
SL 132
tp1 164 tp2 174
Another typical example of a stock breaking up (into a new uptrend) after forming a base:
1. Broke out of the neckline and did a classic retest of this neckline a few days later, affirming the neckline as the new support
2. trading above it's 200 day moving average
3. Golden cross for additional confirmation that the stock is in "recovery"
Recent volume was not...
$GNRC has been consolidating in a tight box for few day. If breaks up - watch for a low risk play. TP 145 (there is a gap needed to close) and SL below 95 (about 5%).
Price is at the resistance of a prior gap down (window).
Earnings beat but did not clear the resistance of the the left side of the cup as of yet.
No recommendation.
Some would calculate targets for a cup using the depth of the cup, applying fib levels and project those levels from the point of breakout. I usually use 10 cents higher than the left side of the...
Rarely trade this, but its on my list. My watch list. Things are getting interesting.
Tradingview doesn't support GIFS, but they should.
In the absence of the gif, here is a 0.01 second clip to express my feelings right now.
If this breaks out of this bear flag to the upside it will be interesting.
This stock moves fast. Like really fast. It doesn't play...
GNRC is currently at a major support level. Around $105.00 is possibly a good place to make a position. May consolidate here for a time then up, especially if the overall market turns bullish. Not investment advice.
