Score 7.9 (out of 10): GENERAC HOLDINGS INC sets up for +13.3% rally in 2 months

51

What’s Going On Here?

GENERAC HOLDINGS is expected to report EPS of $2.45, up +15.6% from the prior quarter at its next earnings release on Feb 11. Analysts see the share price +44% higher in 2022 with 17 analysts covering the stock having a buy, 4 are recommending to hold the shares and no analyst recommends to sell the company’s shares.

Why Now?

GENERAC HOLDINGS INC has triggered a new technical analysis signal. During similar occasions, GENERAC HOLDINGS INC shares had a median return of +13.3%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for GENERAC HOLDINGS INC received a high score of 7.9 (out of 10). This insight was generated on 2021-December-31 with last price of 352.96.

What’s This Company About?

GENERAC HOLDINGS INC is in the Power Conv/Supply Equip business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 44.2% more (average). Ticker symbol: GNRC US.

What’s My Risk / Reward and Time Horizon?

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 399.93 (+13.3%) has been reached. Based on GENERAC HOLDINGS INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 313.36 (last price at 352.96), which is equivalent to a -11.2% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

-2.4% (September-2021), 1.1% (July-2021), 3.2% (March-2021), 17.5% (January-2021), 17.2% (November-2020), 15.7% (September-2020), 17.6% (April-2020), -10.6% (February-2020), 10.9% (December-2019), 17.6% (September-2019).

Historical Chart:

———————————————————————

Summary:

NameGENERAC HOLDINGS INC
ViewUp
Star (1 to 10)7.9
Target+13.3%
Time2 months
Hit Rate80%

Popular Insights:

Leave a Reply