Gentex Technical Analysis (NASDAQ:GNTX)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The GNTX stock chart pattern can give those who understand technical analysis an indication of which way GNTX stock is headed, but cannot predict with 100% certainty as to what can happen to the Gentex stock price.
See Gentex bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Gentex stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Gentex Moving Average
Moving averages help predict the price direction of GNTX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $24.35 is below the price of $25.22.
Gentex Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the GNTX stock. Currently the stock price of $25.22 is in the upper range of Gentex bollinger bands.
Gentex Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Gentex MACD line is above the signal line.
Gentex Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 86.76 is the RSI value of GNTX stock.