Hi all,
Genuine Parts has raised its dividend for 69 consecutive years, making it the second company in the world to achieve this milestone. Companies with a track record of increasing dividends for 50+ consecutive years are called Dividend Kings. At the top of the list is American States Water, with an impressive 70-year streak.
This means Genuine Parts has witnessed every major S&P 500 crash, and much more, yet has continued to raise its dividend year after year.
Technically, the stock has now reached, or more precisely, touched, a strong support zone that consists of multiple key factors:
1. A long-term trendline
2. The round number at $100
3. Previous yearly highs that now act as support
4. A 50% retracement from the all-time high, landing right in the marked zone
5. A channel projection
6. An equal waves setup
7. The Fibonacci Golden Ratio
8. The monthly EMA200
Do your homework because fundamental numbers matter. If the fundamentals align with your bias, then from a technical standpoint, you won’t find a more substantial confluence zone on this chart.
Cheers,
Vaido
Genuine Parts has raised its dividend for 69 consecutive years, making it the second company in the world to achieve this milestone. Companies with a track record of increasing dividends for 50+ consecutive years are called Dividend Kings. At the top of the list is American States Water, with an impressive 70-year streak.
This means Genuine Parts has witnessed every major S&P 500 crash, and much more, yet has continued to raise its dividend year after year.
Technically, the stock has now reached, or more precisely, touched, a strong support zone that consists of multiple key factors:
1. A long-term trendline
2. The round number at $100
3. Previous yearly highs that now act as support
4. A 50% retracement from the all-time high, landing right in the marked zone
5. A channel projection
6. An equal waves setup
7. The Fibonacci Golden Ratio
8. The monthly EMA200
Do your homework because fundamental numbers matter. If the fundamentals align with your bias, then from a technical standpoint, you won’t find a more substantial confluence zone on this chart.
Cheers,
Vaido
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.