GEO GROUP INC/THE (GEO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GEO - US36162J1060 - Common Stock
We assign a technical rating of 3 out of 10 to GEO. Recently some decent action could be observed, but in the medium term time frame this is still negative. GEO was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, GEO is a bad performer in the overall market: 89% of all stocks are doing better.
- GEO is one of the lesser performing stocks in the Commercial Services & Supplies industry. 68% of 80 stocks in the same industry do better.
- GEO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month GEO has a been trading in the 15.60 - 17.73 range, which is quite wide. It is currently trading near the high of this range.
- GEO has an average volume of 1941850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GEO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.22, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.90
3 important support areas can be observed.
- A support zone ranging from 15.93 to 16.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @15.39 from a trend line in the weekly time frame.
- Support @15.05 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.47 to 17.50. 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 | DOWN | NEGATIVE | The long term trend for GEO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GEO is up. |
| ChartMill Relative Strength | 11.99 | NEGATIVE | GEO has a low relative strength, it was outperformed by 88.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GEO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GEO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.02 | NEUTRAL | The RSI value for GEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests GEO has a positive trend. |
| Stochastics (14,3) | 81.69 | OVERBOUGHT | The high Stochastics value suggests GEO may be overbought. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for GEO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.84 | NEGATIVE | The low ADX value for GEO suggests a weak or negative trend. |
17.16
-0.2 (-1.15%)
GEO GROUP INC/THE / GEO FAQ
Can you provide the ChartMill technical rating for GEO GROUP INC/THE?
ChartMill assigns a technical rating of 3 / 10 to GEO.
What is the current trend direction of GEO GROUP INC/THE (GEO) stock?
The current trend direction for GEO GROUP INC/THE (GEO) is Bearish.
Can you provide the RSI signal for GEO GROUP INC/THE?
GEO GROUP INC/THE (GEO) has an RSI value of 57.0175. This indicates that the stock is currently neutral.
What is the MACD signal for GEO stock?
The MACD indicator for GEO GROUP INC/THE (GEO) has a value of 0.111666, indicating a bearish trend.
Can you provide the buy/sell signal for GEO GROUP INC/THE?
The buy/sell signal for GEO GROUP INC/THE (GEO) is hold as the short term and long term trends are mixed.