Group 1 Automotive Technical Analysis (NYSE:GPI)
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. Just by looking at the Group 1 Automotive stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the GPI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Group 1 Automotive. 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 Group 1 Automotive stock analysis.
Group 1 Automotive Moving Average
Moving averages help predict the price direction of GPI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $71.68 is below the last closing price of $77.02 and the 50 day moving average of $70.55 is below the last closing price of $77.02. The 10 and 20 day periods can predict short term moving average trends.
Group 1 Automotive Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Group 1 Automotive. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Group 1 Automotive bollinger bands show that the stock price is $77.02, upper band is 80.32, lower band is 63.03, and the average is 71.68.
Group 1 Automotive 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 Group 1 Automotive MACD indicator is above 0 indicating a bullish trend.
Group 1 Automotive 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 . 78.54 is the RSI value of GPI stock.