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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 2024-05-29 View latest technical analysis

10 day averaged volume of Generic Eng is 37166

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	39.10	40.00	40.00	39.00	0.23 times
28 Tue May 2024	39.75	40.70	40.70	39.55	0.641 times
27 Mon May 2024	40.00	41.45	41.45	39.85	0.912 times
24 Fri May 2024	40.60	41.75	42.00	40.30	1.345 times
23 Thu May 2024	40.90	40.30	42.95	40.25	2.863 times
22 Wed May 2024	40.10	41.00	41.00	39.75	0.37 times
21 Tue May 2024	39.90	40.45	40.65	39.40	1.087 times
18 Sat May 2024	40.35	40.00	41.30	39.10	0.333 times
17 Fri May 2024	40.00	41.50	41.50	39.60	1.323 times
16 Thu May 2024	40.25	40.65	40.70	39.30	0.61 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.4, but if it comes above 39.4, then a intra day buy could be more profitable.
If you take a sell trade below 39.4, then use 39.4 as stoploss and 38.6 as target. However if you take a buy trade in stock , then use 39.4 as stoploss and 39.95 as target.

Share price targets for Generic Eng (GENCON)

Target Type	Value
Downside Target	37.20
Downside Target	38.05
Upside Target	41.45
Upside Target	42.40
Upside Target	42.95
Upside Target	43.80
Upside Target	47.35
Upside Target	47.50
Upside Target	50.50
Upside Target	50.80
Upside Target	51.70
Upside Target	64.15

Intraday share price targets for Generic Eng (GENCON)

Target Type	Value
Downside Intraday Target	38.25
Downside Intraday Target	37.4
Upside Intraday Target	40.7
Upside Intraday Target	42.3
Upside Intraday Target	39.85

Weekly technical analysis of Generic Eng (GENCON)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	39.10	41.45	41.45	39.00	0.315 times
24 Fri May 2024	40.60	40.45	42.95	39.40	1.315 times
18 Sat May 2024	40.35	40.70	41.50	38.05	0.461 times
10 Fri May 2024	39.15	42.40	42.40	38.85	1.205 times
03 Fri May 2024	40.45	41.55	43.80	39.30	1.292 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
29 Wed May 2024	39.10	41.80	42.95	38.05	0.605 times
30 Tue Apr 2024	41.70	38.60	50.80	38.60	0.667 times
28 Thu Mar 2024	37.80	49.00	50.50	37.20	0.747 times
29 Thu Feb 2024	48.85	54.25	64.15	47.50	28.744 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Generic Eng ( (GENCON) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Generic Eng ( (GENCON) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Generic Eng ( (GENCON) ) based on a mid to longer 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.

ADX buy sell signal for Generic Eng stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Generic Eng in short term but the buy signal is initial and weak.

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 BUY signal in short term but buying 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 40.33 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 negative.

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