Genuine Parts Technical Analysis (NYSE:GPC)
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 GPC stock chart pattern can give those who understand technical analysis an indication of which way GPC stock is headed, but cannot predict with 100% certainty as to what can happen to the Genuine Parts stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Genuine Parts. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Genuine Parts stock analysis.
Genuine Parts Moving Average
Moving averages show the average price of GPC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Genuine Parts are mostly signals of long term trends and will help long term traders.
Genuine Parts Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Genuine Parts. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Genuine Parts bollinger bands.
Genuine Parts Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Genuine Parts MACD line is below the signal line.
Genuine Parts Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of GPC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.