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(GENCON) Generic Eng complete technical analysis [charts+indicators] | Buy/Sell Generic Eng | (GENCON) share price targets

Complete technical analysis of Generic Eng (GENCON) by charts plus indicators, forecast predictions and share price targets for Generic Eng (GENCON)

Showing technical analysis as on 2024-02-28 View latest technical analysis

10 day averaged volume of Generic Eng is 105844

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	48.75	49.05	49.95	47.65	1.116 times
27 Tue Feb 2024	49.05	51.85	51.85	48.80	0.711 times
26 Mon Feb 2024	51.35	51.75	51.75	50.70	0.226 times
23 Fri Feb 2024	51.20	51.45	51.95	50.65	0.669 times
22 Thu Feb 2024	50.95	50.95	51.50	50.10	0.62 times
21 Wed Feb 2024	50.10	52.00	53.50	49.60	0.829 times
20 Tue Feb 2024	52.00	54.55	54.55	51.35	1.253 times
19 Mon Feb 2024	53.75	55.00	55.80	53.55	1.725 times
16 Fri Feb 2024	55.50	55.90	57.15	55.00	1.314 times
15 Thu Feb 2024	54.45	53.40	54.45	52.00	0.699 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.4, but if it comes above 50.4, then a intra day buy could be more profitable.
If you take a sell trade below 50.4, then use 50.4 as stoploss and 45.8 as target. However if you take a buy trade in stock , then use 50.4 as stoploss and 54.3 as target.

Share price targets for Generic Eng (GENCON)

Target Type	Value
Downside Target	43.50
Downside Target	47.35
Upside Target	49.60
Upside Target	51.70
Upside Target	53.85
Upside Target	55.80
Upside Target	56.40
Upside Target	57.45
Upside Target	59.00
Upside Target	59.90
Upside Target	64.15
Upside Target	65.40

Intraday share price targets for Generic Eng (GENCON)

Target Type	Value
Downside Intraday Target	46.98
Downside Intraday Target	45.22
Upside Intraday Target	51.18
Upside Intraday Target	53.62
Upside Intraday Target	49.42

Weekly technical analysis of Generic Eng (GENCON)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	48.75	51.75	51.85	47.65	0.403 times
23 Fri Feb 2024	51.20	55.00	55.80	49.60	0.767 times
16 Fri Feb 2024	55.50	59.30	59.90	49.95	0.569 times
09 Fri Feb 2024	57.75	57.65	64.15	53.85	0.916 times
02 Fri Feb 2024	56.35	53.30	56.40	47.35	2.462 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Generic Eng (GENCON)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	48.75	54.25	64.15	47.65	28.159 times
31 Wed Jan 2024	51.70	47.35	51.70	47.35	0.103 times
06 Mon Nov 2023	50.65	53.30	57.45	50.45	0.508 times
31 Tue Oct 2023	53.90	46.05	59.00	43.50	0.597 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Generic Eng (GENCON)

Price action analysis of Generic Eng ( (GENCON) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Generic Eng ( (GENCON) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Generic Eng ( (GENCON) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Generic Eng stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Generic Eng in short term and the sell signal is strong.

Generic Eng Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Generic Eng in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Generic Eng is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.08 and Generic Eng (GENCON) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Generic Eng (GENCON) stock. Volume based technical analysis of Generic Eng (GENCON) stock is negative.

Generic Eng Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.