Generac Holdings Inc | GNRC

Daily Technical Analysis of Generac Holdings Inc

Generac is up a bit on the day, funds flowing in kept the price up 1.46% since yesterday. It looks like GNRC may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line GNRC is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through this line in which case there might be a burst of selling on the other side. Generac hasn't been that impressive in terms of its 3 month momentum, we'll see if it can turn things around and start heading up or continue its slide down.

If we get a reversal off of support and Generac starts moving up, it can probably get to $152.45 at which point it'll need to break through that resistance level in order to keep moving higher. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $110.9 at which point, it may have a chance of recovering from there.

Analyst Ratings for Generac By Price Target And Rating

The analysts are pretty neutral on GENERAC right now, so not much useful information here. The current Analysts Sentiment Score is 1.52. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-05 Canaccord Genuity Group increased their price target by 7.14% to $150.00. On 2024-04-02 there was an upgrade provided by OTR Global from Mixed to Positive. TD Cowen announced a lowering of their price target to $144.00 from $165.00 on 2024-02-15. Guggenheim downgraded from Buy to Neutral on 2024-02-15. On 2024-02-15 UBS Group lowered their price target by -6.25% to $150.00. Robert W. Baird provided a price target boost of 15.18% to $129.00 from $112.00 on 2024-02-15. On 2024-02-12 Citigroup increased their price target by 3.23% to $128.00. Roth Mkm boosted their price targ by 12.38% to $118.00 on 2024-02-06. Stifel Nicolaus reiterated a rating of Buy on 2023-12-04 and provided a price target of $135.00. Bank of America announced an upgrade on 2023-11-15 from Underperform to Neutral and moved up their price target to $110.00 which is a 44.74% increase.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for GENERAC

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for GENERAC

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.