Taking everything into account, GO scores 0 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.
GO has a poor technical rating and the quality of the setup is also not perfect 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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10.46
When analyzing the resistance we notice 3 important areas.
- Resistance @13.73 from a trend line in the daily time frame.
- Resistance @16.82 from a trend line in the weekly time frame.
- Resistance @17.82 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 GO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GO is down. |
| ChartMill Relative Strength | 6.49 | NEGATIVE | GO has a low relative strength, it was outperformed by 93.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GO is below a declining 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) | 23.5 | OVERSOLD | The low RSI value suggests GO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests GO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.9 | OVERSOLD | The low Stochastics value suggests GO may be oversold. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for GO suggests high volalility. |
| Average Directional Index/ADX (14) | 44.72 | POSITIVE | The high ADX value value for GO suggests a strong trend. |
10.57
+0.32 (+3.12%)
GROCERY OUTLET HOLDING CORP / GO FAQ
What is the technical rating for GO stock?
ChartMill assigns a technical rating of 0 / 10 to GO.
What is the current trend direction of GROCERY OUTLET HOLDING CORP (GO) stock?
The current trend direction for GROCERY OUTLET HOLDING CORP (GO) is Bearish.
What is the RSI signal for GO stock?
GROCERY OUTLET HOLDING CORP (GO) has an RSI value of 23.4998. This indicates that the stock is currently oversold.
What is the buy/sell signal for GO stock?
The buy/sell signal for GROCERY OUTLET HOLDING CORP (GO) is sell as both the short term and long term trends are negative.
What is the support and resistance level for GO stock?
GROCERY OUTLET HOLDING CORP (GO) has a resistance level at 13.73. Check the full technical report for our detailed analysis of GO support and resistance levels.