GROCERY OUTLET HOLDING CORP (GO) Technical Analysis
NASDAQ:GO • US39874R1014
Current stock price
GO Technical Rating and Analysis
Taking everything into account, GO scores 1 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 93% of all other stocks performed better in the past year than GO.
- GO is one of the lesser performing stocks in the Consumer Staples Distribution & Retail industry. 83% of 38 stocks in the same industry do better.
- GO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GO is lagging the market.
- In the last month GO has a been trading in the 5.66 - 7.29 range, which is quite wide. It is currently trading near the high of this range.
- GO has an average volume of 3864760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GO Weekly and Daily overview Charts
GO Setup Rating and Analysis
The technical rating of GO is bad and it also does not present a quality setup 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.
More info and screens
GO Support and Resistance Analysis
6.68
We found 1 important support area.
- A support zone ranging from 6.75 to 6.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.23 to 7.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.32 to 8.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.27 from a horizontal line in the daily time frame.
GO Technical Indicator Signal Analysis
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 | 7.73 | NEGATIVE | GO has a low relative strength, it was outperformed by 92.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GO is above 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) | 49.56 | NEUTRAL | The RSI value for GO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests GO has a positive trend. |
| Stochastics (14,3) | 84.97 | OVERBOUGHT | The high Stochastics value suggests GO may be overbought. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for GO suggests high volalility. |
| Average Directional Index/ADX (14) | 32.21 | POSITIVE | The high ADX value value for GO suggests a strong trend. |
GO Chart- and CandleStick Pattern Analysis
GO Technicals: Chart, Performance Metrics, Trend & Indicators
7.22
+0.33 (+4.79%)
GROCERY OUTLET HOLDING CORP / GO TA 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.
What is the RSI signal for GROCERY OUTLET HOLDING CORP (GO) stock?
GROCERY OUTLET HOLDING CORP (GO) has an RSI value of 49.5619. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GROCERY OUTLET HOLDING CORP?
The MACD indicator for GROCERY OUTLET HOLDING CORP (GO) has a value of 0.227149, indicating a bearish trend.
Can you provide the support and resistance levels for GROCERY OUTLET HOLDING CORP?
GROCERY OUTLET HOLDING CORP (GO) has a support level at 6.77 and a resistance level at 7.23. Check the full technical report for our detailed analysis of GO support and resistance levels.