Should You Invest In Gentex Corporation ($GNTX) Or Gentherm Inc ($THRM)?

2019-08-20 | Welcome! Today we compared how two different stocks in the Auto Parts:O.E.M. industry are trading: Gentex Corporation and Gentherm Inc. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Gentex Corporation opened at 26.2, got to a maximum price of 26.5 and dropped to as low as 26.11 before finishing the session at 26.43. In total there were 1954000 shares traded, which is enough to conduct our analysis. Compare that now to Gentherm Inc, which opened at 37.17, had a high of 37.92, a low of 36.68, closed at 37.57 and had a total volume of 137000.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Gentex Corporation Gentherm Inc
Accumulation-distribution index 310.33467 287.62202
on-balance volume -25.94 36.86
chaikin money flow

1.6 2.30667
force index

-0.0255 -0.097
ease of movement rating

5e-05 -0.00159
volume-price trend

3.08326 -2.58875
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Gentex Corporation Gentherm Inc
Average true range 0.23968 0.62689
Bolinger bands 26.32941 36.79485
Upper bollinger band 25.65059 36.62515
Lower bollinger band

26.11 36.68
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

26.27 37.25667
High band keltner channel

25.97 36.50667
Low band keltner channel

26.57 38.00667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

26.11 36.68
Donchain channel low band

26.11 36.68
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Gentex Corporation Gentherm Inc
Moving Average Convergence Divergence (MACD) trend_macd 0.00135
MACD signal -0.00299 0.00075
MACD difference -0.00239 0.0006
fast Exponential Moving Average (EMA) indicator

26.11 36.68
slow Exponential Moving Average (EMA) indicator

26.11 36.68
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.06272 0.1457

7.13117 -5.75966
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 66.66667
Detrended Price Oscillator (DPO)

-2.74897 2.69005
KST Oscillator (KST)

117.67318 -68.32734
KST Oscillator (KST Signal)

117.67318 -68.32734
KST difference

-2.56838 0.381
Ichimoku rating

26.35 37.545
Ichimoku B rating

26.35 37.545
Ichimoku visual trend A

24.1341 40.16983
Ichimoku visual trend B

24.88119 39.96801
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Gentex Corporation Gentherm Inc
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 49.52975
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

96.82983 -85.51423
stochastic oscillator

130.0 165.33333
stochastic oscillator signal

130.0 165.33333
Williams %R rating

30.0 65.33333
awesome oscillator

0.11931 0.11819

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Gentex Corporation and Gentherm Inc.

Daily return 11.76732 -6.83273
Daily log return -0.92344 0.16344
Cumulative return -0.91919 0.16358

So there you have it: our deep, grueling analysis comparing Gentex Corporation and Gentherm Inc together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Gentex Corporation:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether GNTX is strong or weak. Again – this is not a reliable indication of whether Gentex Corporation is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Gentherm Inc

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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