Generac Holdings stock price (GNRC) fell in the intraday levels after hitting the resistance of the downward medium-term trend line, getting exposed once more to negative pressure from the 50-day SMA, especially as the RSI reached overbought levels.
Therefore we expect more losses for the stock, targeting the first support at 109.90, provided the resistance of 124.53 holds on.
Trend forecast: Bearish