Genuine Parts Technical Analysis (NYSE:GPC)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A 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.
See Genuine Parts bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Genuine Parts stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
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. A rise in trend over the long term indicates a long term uptrend. Similarly a falling GPC moving average implies that Genuine Parts stock price is falling.
Genuine Parts 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 GPC stock. Genuine Parts bollinger bands show that the stock price is $81.69, upper band is 43.44, lower band is 42.26, and the average is 42.85.
Genuine Parts 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 Genuine Parts MACD indicator is below 0 indicating a bearish trend.
Genuine Parts Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of GPC stock is 20.88. .