Generac price surrounded with positive pressures - Forecast today - 25-04-2024

Generac Holdings’ stock price (GNRC) kept rising in the intraday levels, amid the dominance of the upward correctional trend in the short term, with positive pressure from the 50-day SMA, coupled with positive divergence in the RSI after reaching oversold levels compared to the stock’s movements, hinting at positive signals. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $156.95, provided it settles above $132.50. 

Trend forecast: Bullish