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Genuine Parts Company Stock Forecast NYSE:GPC

$130.58 (-0.70%)

Volume: 555k

Closed: Jan 21, 2022

Hollow Logo Score: -0.509

Genuine Parts Company Stock Forecast

$130.58 (-0.70%)

Volume: 555k

Closed: Jan 21, 2022

Score Hollow Logo -0.509
Which way will GPC go? Request
Stop-loss: $123.28 (-5.59%)
Earnings Date: Feb 17, 2022
Key Stats
P/E Ratio 23.01
Beta 0.88
Trailing Dividend Rate 2.46% ($3.23)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 26 and the stock is currently not being overbought or oversold

Stronger technical forecast for Genuine Parts Company stock price after Friday trading.
(Updated on Jan 21, 2022)


Hold candidate since 2022-01-21 PDF

The Genuine Parts Company stock price fell by -0.70% on the last day (Friday, 21st Jan 2022) from $131.50 to $130.58. and has now fallen 6 days in a row. During the day the stock fluctuated 2.12% from a day low at $130.19 to a day high of $132.95. The price has fallen in 8 of the last 10 days and is down by -6.93% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 555 thousand shares were bought and sold for approximately $72.52 million.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $128.64 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.91% during the next 3 months and, with a 90% probability hold a price between $132.38 and $145.22 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Genuine Parts Company stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $135.57 and $135.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 04, 2022, and so far it has fallen -6.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Genuine Parts Company finds support from accumulated volume at $129.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.76 between high and low, or 2.12%. For the last week the stock has had a daily average volatility of 2.39%.

Our recommended stop-loss: $123.28 (-5.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Is Genuine Parts Company stock A Buy?

Genuine Parts Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.509

Hold/Accumulate Upgraded

Insiders are neutral selling more shares than they are buying in Genuine Parts Company

In the last 100 trades there were 123.73 thousand shares bought and 141.42 thousand shares sold. The last trade was done 18 days ago by Hardin Paul Russell who bough 160 shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.

Predicted Opening Price for Genuine Parts Company of Monday, January 24, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price January 24, 2022 Current price
$131.24 $130.58 (Undervalued)

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Analyst Ratings

On Jan 13, 2022 "Truist Securities" gave "$142.00" rating for GPC. The price target was set to $138.99+0.1%.

Volatility and Risk
Daily Average Volatility: 2.39 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.39 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $133.25
Price: $130.58
Support: $129.87

GPC Insider Trading Show all Trades

INSIDER POWER

-7.274

Last 100 transactions
Buy: 123 725 | Sell: 141 422 (Shares)
Date Action Amount Person Type
Jan 04, 2022 Buy 160 Hardin Paul Russell Phantom Shares
Jan 04, 2022 Buy 160 Cox Richard Jr Phantom Shares
Jan 04, 2022 Buy 160 Pryor Juliette Williams Phantom Shares
Jan 04, 2022 Buy 160 Hyland Donna Westbrook Phantom Shares
Jan 04, 2022 Buy 160 Fayard Gary P Phantom Shares
Show all Insider Trades
INSIDER POWER

-7.274

Last 100 transactions
Buy: 123 725 | Sell: 141 422 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 134.00 2.62 %
132.95 1.81 %
132.29 1.31 %
Current price: 130.58
Support 130.19 -0.30 %
129.53 -0.80 %
128.48 -1.61 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 138.94 6.40 %
134.35 2.89 %
133.25 2.04 %
Current price 130.58
Support 129.87 -0.54%
127.74 -2.17%
126.38 -3.22%

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About Genuine Parts Company

Genuine Parts Company Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Canada, Mexico, Australia, New Zealand, Puerto Rico, the Dominican Republic, and the Caribbean region. It distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heav... Read more

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