GROCERY OUTLET HOLDING CORP (GO) Stock Technical Analysis
NASDAQ:GO • US39874R1014
Overall GO gets a technical rating of 1 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 82% of all other stocks performed better in the past year than GO.
- GO is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry, of which 72% are performing better than GO.
- GO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- GO has an average volume of 2455600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GO has a been trading in the 9.06 - 10.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GO in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
9.04
We found 1 important support area.
- A support zone ranging from 9.13 to 9.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.94 to 10.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.27 to 10.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.95 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 | 18.95 | NEGATIVE | GO has a low relative strength, it was outperformed by 81.05% 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 | MIXED | The current price of GO is above 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) | 48.02 | NEUTRAL | The RSI value for GO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GO has a negative trend. |
| Stochastics (14,3) | 33.45 | NEUTRAL | The Stochastics value for GO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for GO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.02 | NEGATIVE | The low ADX value for GO suggests a weak or negative trend. |
9.88
+0.07 (+0.71%)
GROCERY OUTLET HOLDING CORP / GO FAQ
Can you provide the ChartMill technical rating for GROCERY OUTLET HOLDING CORP?
ChartMill assigns a technical rating of 1 / 10 to GO.
Can you provide the trend direction for GROCERY OUTLET HOLDING CORP?
The current trend direction for GROCERY OUTLET HOLDING CORP (GO) is Bearish.
Can you provide the RSI signal for GROCERY OUTLET HOLDING CORP?
GROCERY OUTLET HOLDING CORP (GO) has an RSI value of 48.0188. This indicates that the stock is currently neutral.
What is the short term momentum for GROCERY OUTLET HOLDING CORP (GO) stock?
The short term momentum for GROCERY OUTLET HOLDING CORP (GO) is negative.
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.