Score 8 (out of 10): GENERAC HOLDINGS sets up for +10.4% rally in 3 months

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What’s Going On Here?

GENERAC HOLDINGS is a Fortune 1000 manufacturer backup power generation products for residential light commercial and industrial markets.

Why Now?

GENERAC HOLDINGS INC has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, GENERAC HOLDINGS INC shares had a median return of +10.4%, over the following 3 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 8 (out of 10). This insight was generated on 2022-March-11 with last price of 281.64.

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. Ticker symbol: GNRC US.

What’s My Risk / Reward and Time Horizon?

We found 3 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 310.9 (+10.4%) 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 259.34 (last price at 281.64), which is equivalent to a -7.9% 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’ under (2), etc.

Previous episodes:

8.5% (August-2021), 32.3% (April-2021), 47% (December-2020), 24.9% (April-2020), 2.5% (February-2020), 5.3% (January-2019), -4.7% (October- 2018), 12.3% (March-2018), -3.4% (December-2017), 26.7% (June-2017).

Historical Chart:

Summary:

NameGENERAC HOLDINGS INC
ViewUp
Star (1 to 10)8.0
Target+10.4%
Time3 months
Hist Rate80%

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