Short scalp GNRCBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF GNRC breaches Friday's low of $237.07 during tomorrow's session.
GNRC trade ideas
GNRCA company that I have always liked but has always been too expensive for me. Just posted a blowout earnings and it is being killed with the market. The price analysts have put it over $400. But as I have learned do not try and catch a falling knife.
I am looking between the $230-260 area to add. As you can see the 50SMA is also acting as a resistance line as well. So right now this stock is bearish in most areas including MACD could be turning bearish
Pre-pandemic this was $120 as a frame of reference.
Do your own DD. This is my own thoughts. Use your own intuition as I am not a professional
Mind The $GNRC GapHistory doesn't repeat but it sure does rhyme.
Genrac has almost an exact same Gap up dating back to 11/2/2021 on earnings.
2022 for sure won't be 2021 but I wanted to point out the stock market was a weird place.
I've never published or even read a published piece.
Yay. First
$GNRC - Industrials 6/10Industrials are not looking the best. I would probably choose FDX, LMT, or a couple others over the best here but that is why there are analysts and people like me. Hopefully collaboration and growth are more important that who is right. The other names that represent 7.7% of the 2022 top picks portfolio in industrials are BAH, DE and UNP. I like DE for a larger breakout but it is hard to see too many companies with strong break outs in these economic conditions. GNRC has been beaten down and earnings are in 13 days. Hold off buying until earnings and after reviewing ER, buy if it makes sense. 34x PE is not too expensive for this level of growth especially with business in Latin America and other places outside US.
Generac Holdings - time to pullbackWe got a five waves down sequence, and with the fib levels applied we may assume a complete impulse.
I do not recommend to trade in isolation from the higher timeframe structure, but in general we may expect at least a corrective set back, that, on a daily frame, seems quite substantial.
On RSI - a divergence is forming between the waves 3 and five, that is also typical for the impulse to be fading away.
GNRC Look at the world & see why disaster stocks are pumping! Bullish on GNRC with all the natural disasters going on this is its season. Earnings came back ahead of predictions. I see this breaking new highs here in the next 3 months.
by iCantw84it
08.09.2021
Short-Term Bearish/Long-Term Bullish. GNRC Flashing Entry's GNRC isn't one to give great indication on when to enter, the good long term runners rarely do.
Looking a little bit forward, GNRC flashing a potential accumulation set-up for another mark-up.
My trade idea here is a break down into lower checks of support labeled on the chart between $308-$314 and $325-$330.
-Accumulating an average of around $318-$320 would manage risk well based off of the potential moves into support.
$GNRC Box Long SetupBeen consolidating sideways since early march. Firming up and could start its assault on box resistance for a potential breakout.
Generac Hldgs Inc (GNRC)- MANUFACTURES STANDBY POWER GENERATORS/COMPONENTS FOR RESIDENTIAL, OIL/GAS, INDUSTRIAL/COMMERCIAL MARKETS
$GNRC Firing UpPart of the strong housing market, it has already broken out on momentum measures and will gather attention and buyers as it breaks out on price.
GNRC Wedge setting up for a breakout before earnings GNRC Wedge setting up for a breakout. Defined support and resistance with an inflection point imminent.
Entry 332.55 Target 360+
$GNRC Bull Flag SetupGenerac broke out of its bull flag that formed after a strong 80% run. The stock pullback a bit on Friday and could test flag support early this week.
Generac Hldgs Inc (GNRC)- MANUFACTURES STANDBY POWER GENERATORS/COMPONENTS FOR RESIDENTIAL, OIL/GAS, INDUSTRIAL/COMMERCIAL MARKETS
$GNRC With a bullish outlook following its earnings #BeststocksThe PEAD projected a bullish outlook for $GNRC following a positive under reaction after its earnings release placing the stock in Drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
GENERAC HLDGS Strategy DailyHey my friends, GENERAC HLDGS is a bullish configuration with a marubozu and a return of purchase volume By looking at the TIMEFRAME M1 we see a marubozu with a large purchase volume issued which came to test the top of the range. It is very plausible to breakout the price then then range it to settle in a second and to interfere on the high after before breakout the second range. With an adjustment then one executed (on MULTI TIMEFRAME H4 and H1) so the first is on the shorter unit. Not enough buying power to test the intermediate median of ANDREWS PITCHFORK except directly.
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GNRC FlagGNRC formed a bullish flag and looks to be breaking out today. It is currently above $215 and high of the flag was around $214. Looking for target around $235 based upon size of flag pattern.
$GNRC$GNRC another buy signal for the stocks going up steady AFTER earnings! Buy stocks going up after earnings and hold them till the next ER (unless the Trading System that you FOLLOW tells you otherwise
$GNRC:NYSE - GENERAC HLDGS - 120% gain off a 12% TrailGNRC has been having a strong run and hasn't suffered too badly with the current market volatility. Could be worth a look.
Generac Holdings, Inc. engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States. The International segment comprises of ottomotors, tower light, pramac, motortech, and selmec businesses.
