GROCERY OUTLET HOLDING CORP (GO) Stock Technical Analysis
USA - NASDAQ:GO - US39874R1014 - Common Stock
Taking everything into account, GO scores 0 out of 10 in our technical rating. GO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of GO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.09
We found 3 important support areas.
- Support @13.43 from a trend line in the weekly time frame.
- Support @12.93 from a trend line in the daily time frame.
- Support @12.21 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 14.94 to 15.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.24 from a trend line in the weekly time frame.
- Resistance @18.01 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 | 25.81 | NEGATIVE | GO has a low relative strength, it was outperformed by 74.19% 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) | 29.65 | OVERSOLD | The low RSI value suggests GO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests GO has a negative trend. |
| Stochastics (14,3) | 11.86 | OVERSOLD | The low Stochastics value suggests GO may be oversold. |
| 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) | 18.12 | NEGATIVE | The low ADX value for GO suggests a weak or negative trend. |
13.66
-0.68 (-4.74%)
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 29.6539. 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 support level at 13.43 and a resistance level at 14.94. Check the full technical report for our detailed analysis of GO support and resistance levels.