Genuine Parts Co (GPC): Price Now Near $119.11; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for GPC

At the time of this writing, GPC (Get Ratings)’s price is down $-0.25 (-0.21%) from the hour prior. This is the 2nd hour in a row GPC 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 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them 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.

GPC’s Technical Outlook on the Daily Chart

Currently, GPC’s price is down $-0.26 (-0.22%) from the day prior. The daily chart shows that GPC has seen 2 straight down days. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily 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. Genuine Parts Co’s price action over the past 90 days can be seen via the chart below.

GPC

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