Gentex Corp (GNTX): Price Now Near $36.26; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for GNTX

Currently, GNTX (Get Ratings)’s price is down $-0.25 (-0.67%) from the hour prior. This is the 3rd hour in a row GNTX has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Automobiles and Trucks stocks, GNTX ranks 51st in regards to today’s price percentage change.

GNTX’s Technical Outlook on the Daily Chart

Currently, GNTX’s price is down $-0.42 (-1.14%) from the day prior. GNTX has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows GNTX’s price action over the past 90 days.

GNTX

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GNTX: Daily RSI Analysis

  • GNTX’s RSI now stands at 76.9231.
  • GNTX and RSI may be exhibiting divergent trends. This may be something to monitor.

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