GENESCO INC (GCO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GCO - US3715321028 - Common Stock
Overall GCO gets a technical rating of 7 out of 10. Although GCO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, GCO is a bad performer in the overall market: 74% of all stocks are doing better.
- The long and short term trends are both positive. This is looking good!
- In the last month GCO has a been trading in the 21.93 - 38.95 range, which is quite wide. It is currently trading near the high of this range.
- GCO is part of the Specialty Retail industry. There are 121 other stocks in this industry, GCO did better than 51% of them.
- 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.
Although GCO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
22.20
We found 2 important support areas.
- Support @23.68 from a trend line in the weekly time frame.
- Support @22.42 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.78 to 38.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for GCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GCO is up. |
| ChartMill Relative Strength | 26.82 | NEGATIVE | GCO has a low relative strength, it was outperformed by 73.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.41 | NEUTRAL | The RSI value for GCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests GCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.97 | NEUTRAL | The Stochastics value for GCO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.14 | HIGH VOLATILITY | The high ATR as a percentage value for GCO suggests high volalility. |
| Average Directional Index/ADX (14) | 38.24 | POSITIVE | The high ADX value value for GCO suggests a strong trend. |
33.93
-1.12 (-3.2%)
GENESCO INC / GCO FAQ
What is the technical rating for GCO stock?
ChartMill assigns a technical rating of 7 / 10 to GCO.
Can you provide the trend direction for GENESCO INC?
The current trend direction for GENESCO INC (GCO) is Bullish.
What is the RSI signal for GCO stock?
GENESCO INC (GCO) has an RSI value of 58.4083. 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 positive.
Can you provide the support and resistance levels for GENESCO INC?
GENESCO INC (GCO) has a support level at 23.68 and a resistance level at 37.78. Check the full technical report for our detailed analysis of GCO support and resistance levels.