GPC pushes through 200-day moving average

Genuine Parts Company (GPC) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


GPC pushes through 200-day moving average
GPC unable to break through key resistance level
GPC closes higher for the 2nd day in a row
GPC pushes through previous session high


Moving higher for the 2nd day in a row, GPC finished the week 2.77% higher at 93.25 after gaining $0.83 (0.9%) today. Closing above Thursday's high at 92.98, the share confirms its breakout through the prior session's high having traded $0.69 above it intraday.

Daily Candlestick Chart (GPC as at Jul 13, 2018):

Daily technical analysis candlestick chart for Genuine Parts Company (GPC) as at Jul 13, 2018

Friday's trading range was $1.07 (1.16%), that's slightly below last trading month's daily average range of $1.23. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Unable to break through the key technical resistance level at 93.42, the stock closed below it after spiking as high as 93.67 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.

Although still in a long-term downtrend, the short and medium-term trends both turned bullish already. Genuine Parts managed to break above the 200-day moving average at 93.01 today for the first time since July 10th.

Market Conditions for GPC as at Jul 13, 2018

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