NASDAQ:GO • US39874R1014
Taking everything into account, GO scores 1 out of 10 in our technical rating. GO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, GO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 9.14, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
9.04
When analyzing the support we notice one important area.
We can see 2 important resistance areas.
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 GO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GO is neutral. |
| ChartMill Relative Strength | 18.04 | NEGATIVE | GO has a low relative strength, it was outperformed by 81.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.57 | NEUTRAL | The RSI value for GO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.59 | NEUTRAL | The Stochastics value for GO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for GO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.05 | NEGATIVE | The low ADX value for GO suggests a weak or negative trend. |
9.81
-0.18 (-1.8%)
ChartMill assigns a technical rating of 0 / 10 to GO.
The current trend direction for GROCERY OUTLET HOLDING CORP (GO) is Bearish.
GROCERY OUTLET HOLDING CORP (GO) has an RSI value of 46.574. This indicates that the stock is currently neutral.
The short term momentum for GROCERY OUTLET HOLDING CORP (GO) is neutral.