(GNRC) Long Term Investment Analysis

March 02, 2024, 08:56 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GNRC

• Buy GNRC slightly over 99.76 target 117.17 stop loss @ 99.47 Details

The technical summary data tells us to buy GNRC near 99.76 with an upside target of 117.17. This data also tells us to set a stop loss @ 99.47 to protect against excessive loss in case the stock begins to move against the trade. 99.76 is the first level of support below 114.18 , and by rule, any test of support is a buy signal. In this case, support 99.76 would be being tested, so a buy signal would exist.

• Short GNRC slightly under 117.17, target 99.76, stop loss @ 117.51 Details

The technical summary data is suggesting a short of GNRC as it gets near 117.17 with a downside target of 99.76. We should have a stop loss in place at 117.51though. 117.17 is the first level of resistance above 114.18, and by rule, any test of resistance is a short signal. In this case, if resistance 117.17 is being tested, so a short signal would exist.

Swing Trading Plans for GNRC

• Buy GNRC slightly over 117.17, target 136.13, Stop Loss @ 116.83 Details

If 117.17 begins to break higher, the technical summary data tells us to buy GNRC just slightly over 117.17, with an upside target of 136.13. The data also tells us to set a stop loss @ 116.83 in case the stock turns against the trade. 117.17 is the first level of resistance above 114.18, and by rule, any break above resistance is a buy signal. In this case, 117.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GNRC slightly near 117.17, target 111.36, Stop Loss @ 117.51. Details

The technical summary data is suggesting a short of GNRC if it tests 117.17 with a downside target of 111.36. We should have a stop loss in place at 117.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 117.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GNRC

• Buy GNRC slightly over 117.17, target 136.13, Stop Loss @ 116.9 Details

If 117.17 begins to break higher, the technical summary data tells us to buy GNRC just slightly over 117.17, with an upside target of 136.13. The data also tells us to set a stop loss @ 116.9 in case the stock turns against the trade. 117.17 is the first level of resistance above 114.18, and by rule, any break above resistance is a buy signal. In this case, 117.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GNRC slightly near 117.17, target 113.53, Stop Loss @ 117.44. Details

The technical summary data is suggesting a short of GNRC if it tests 117.17 with a downside target of 113.53. We should have a stop loss in place at 117.44 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 117.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Generac Holdlings Inc. (GNRC) available here: GNRC.

GNRC Ratings for March 02:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	99.76
P2	110.78	106.14	117.17
P3	113.53	111.36	136.13

AI Generated Signals for GNRC

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Technically, Generac Holdlings Inc. (NASDAQ: GNRC) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GNRC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GNRC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GNRC too.  All of these are offered below the Summary Table.