Generac Holdings’ stock price (GNRC) gained ground in the intraday levels, while trying to recoup some recent losses, amid the dominance of the downward correctional trend in the short term, while trading alongside a steel trend line, reflecting the negative pressure, with negative signals from the RSI after reaching overbought levels, and ongoing negative pressure as well due to trading below the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the support of $131.66, provided the resistance of $151.60 holds on.

 

Trend forecast for today: Bearish