Generac Holdings Inc. (GNRC) rose in its latest intraday trading, benefiting from the dominance of the main medium-term ascending trend with the price moving alongside a supporting trendline. The stock is attempting to shed the negative pressure of its previous 50-day SMA. However, this effort is being constrained by the arrival of negative signals from the RSI indicators after they reached extremely overbought levels, which may temporarily halt a full recovery.

 

Therefore we expect the stock to rise in its upcoming trading, provided the support level at $155.00 holds, targeting the resistance level of $180.30.

 

Today’s price forecast: Neutral