GMS Inc (GMS): Price Now Near $47.64; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for GMS

Currently, GMS (Get Ratings)’s price is up $0.03 (0.06%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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.

GMS ranks 37th in terms of today’s price percentage change out of Wholesale stocks.

GMS’s Technical Outlook on the Daily Chart

Currently, GMS’s price is down $-0.06 (-0.13%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as GMS has now gone down 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 100 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. GMS Inc’s price action over the past 90 days can be seen via the chart below.

GMS

<

GMS: Daily RSI Analysis

  • GMS’s RSI now stands at 84.1772.
  • GMS and RSI may be exhibiting divergent trends. This may be something to monitor.

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market