GENESCO INC (GCO) Technical Analysis
NYSE:GCO • US3715321028
We assign a technical rating of 3 out of 10 to GCO. Although GCO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- GCO is one of the better performing stocks in the Specialty Retail industry, it outperforms 75% of 124 stocks in the same industry.
- Looking at the yearly performance, GCO did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- GCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GCO is lagging the market.
- In the last month GCO has a been trading in the 24.38 - 31.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
GCO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 25.89, a Stop Loss order could be placed below this zone.
More info and screens
22.50
When analyzing the support we can see 3 important areas.
- Support @25.89 from a horizontal line in the daily time frame.
- Support @24.62 from a trend line in the weekly time frame.
- A support zone ranging from 22.73 to 22.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 29.07 to 29.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.01 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GCO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GCO is neutral. |
| ChartMill Relative Strength | 80.92 | POSITIVE | GCO has a high relative strength, it outperformed 80.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GCO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GCO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GCO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.8 | NEUTRAL | The RSI value for GCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GCO has a positive trend. |
| Stochastics (14,3) | 28.87 | NEUTRAL | The Stochastics value for GCO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for GCO suggests high volalility. |
| Average Directional Index/ADX (14) | 14.58 | NEGATIVE | The low ADX value for GCO suggests a weak or negative trend. |
GCO Technicals: Chart, Performance Metrics, Trend & Indicators
26.74
+0.85 (+3.28%)
GENESCO INC / GCO FAQ
What is the technical rating for GCO stock?
ChartMill assigns a technical rating of 3 / 10 to GCO.
Can you provide the trend direction for GENESCO INC?
The current trend direction for GENESCO INC (GCO) is Bearish.
What is the RSI signal for GCO stock?
GENESCO INC (GCO) has an RSI value of 44.799. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GENESCO INC?
The short term momentum for GENESCO INC (GCO) is neutral.
Can you provide the support and resistance levels for GENESCO INC?
GENESCO INC (GCO) has a support level at 25.89 and a resistance level at 29.07. Check the full technical report for our detailed analysis of GCO support and resistance levels.