RSI low/high Values: [ 25 - 75 ]
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AI Analysis of GPC
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Genuine Parts Company stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 22, 2024 Gain 6.21% PDF

The Genuine Parts Company stock price gained 1.74% on the last trading day (Wednesday, 27th Mar 2024), rising from $152.53 to $155.19. During the last trading day the stock fluctuated 1.51% from a day low at $152.95 to a day high of $155.26. The price has been going up and down for this period, and there has been a 1.11% gain for the last 2 weeks. Volume fell on the last day by -220 thousand shares and in total, 726 thousand shares were bought and sold for approximately $112.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.11% during the next 3 months and, with a 90% probability hold a price between $173.01 and $181.06 at the end of this 3-month period.

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GPC Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.39%. 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). The Genuine Parts Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $155.00 and $149.54. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Genuine Parts Company stock

Genuine Parts Company finds support from accumulated volume at $152.45 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 $2.31 between high and low, or 1.51%. For the last week the stock has had daily average volatility of 1.42%.

Our recommended stop-loss: $149.44 (-3.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (GPC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Genuine Parts Company to open at $154.47, and during the day (based on 14 day Average True Range), to move between $152.95 and $157.43, which gives a possible trading interval of +/-$2.24 (+/-1.44%) up or down from last closing price. If Genuine Parts Company takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $155.31 (0.08%) than the support at $152.45 (1.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Genuine Parts Company stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Genuine Parts Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.472 Buy Candidate Upgraded

Predicted Opening Price for Genuine Parts Company of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$154.47 ( 0.466%) $155.19

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

Trading levels for GPC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 156.78 1.02 %
R2 155.89 0.454 %
R1 155.35 0.103 %
Current price: 155.19
Support S1 153.58 -1.03 %
S2 153.04 -1.39 %
S3 152.16 -1.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 157.38 1.41 %
R2 155.88 0.445 %
R1 155.31 0.0773 %
Current price 155.19
Support S1 152.45 -1.77%
S2 149.26 -3.82%
S3 143.71 -7.40%

GPC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Mar 01, 2024 Apr 01, 2024 $1.00 0.644%
2 Feb 15, 2024 Feb 29, 2024 Apr 01, 2024 $1.00 0.644%
3 Nov 14, 2023 Nov 30, 2023 Jan 02, 2024 $0.95 0.688%
4 Aug 15, 2023 Sep 07, 2023 Oct 02, 2023 $0.95 0.654%
5 May 01, 2023 Jun 01, 2023 Jul 03, 2023 $0.95 0.566%

FAQ

What is the symbol for Genuine Parts Company Stock and on which exchange is it traded?
The symbol for Genuine Parts Company is GPC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Genuine Parts Company Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Genuine Parts Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Genuine Parts Company Stock?
Genuine Parts Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Genuine Parts Company Stock.

What's the current price of Genuine Parts Company Stock?
As of the end of day on the 2024-03-27, the price of an Genuine Parts Company (GPC) share was $155.19.

What is the 52-week high and low for Genuine Parts Company Stock?
The 52-week high for Genuine Parts Company Stock is $174.91 and the 52-week low is $126.35.

What is the market capitalization of Genuine Parts Company Stock?
As of the 2024-03-27, the market capitalization of Genuine Parts Company is 21.637B.

When is the next earnings date for Genuine Parts Company?
The upcoming earnings date for Genuine Parts Company is Apr 18, 2024.
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