GCO Technical Analysis - GENESCO INC

Technical Rating and Analysis

Taking everything into account, GCO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GCO is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that GCO is one of the better performing stocks in the market, outperforming 90% of all stocks.

GCO is part of the Specialty Retail industry. There are 123 other stocks in this industry. GCO outperforms 86% of them.

In the last month GCO has a been trading in the 24.98 - 34.36 range, which is quite wide. It is currently trading near the high of this range.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although GCO has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.21

34.19

4 important support areas can be observed.

A support zone ranging from 27.11 to 27.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @23.45 from a trend line in the weekly time frame.
Support @22.00 from a trend line in the daily time frame.
Support @19.40 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 33.37 to 33.85. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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	90.23	POSITIVE	GCO has a high relative strength, it outperformed 90.23% 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)	63.65	NEUTRAL	The RSI value for GCO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests GCO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	86.29	OVERBOUGHT	The high Stochastics value suggests GCO may be overbought.
Average True Range in percent/ATR (20)	5.63	HIGH VOLATILITY	The high ATR as a percentage value for GCO suggests high volalility.
Average Directional Index/ADX (14)	27.87	POSITIVE	The high ADX value value for GCO suggests a strong trend.