GROCERY OUTLET HOLDING CORP (GO) Stock Technical Analysis
NASDAQ:GO - US39874R1014 - Common Stock
18.63 USD
+0.04 (+0.22%)
19.1348 USD
+0.5 (+2.71%)
Overall GO gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GO is only an average performer.
The long and short term trends are both positive. This is looking good!
GO is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 71% of 40 stocks in the same industry.
GO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GO is lagging the market slightly.
In the last month GO has a been trading in the 12.97 - 19.41 range, which is quite wide. It is currently trading near the high of this range.
GO has an average volume of 3612380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GO is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
Although GO has an excellent technical rating, the quality of the presented setup is not ideal 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
12.09
18.83
We found 4 important support areas.
- Support @17.92 from a horizontal line in the daily time frame.
- A support zone ranging from 12.88 to 13.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.66 from a trend line in the daily time frame.
- Support @12.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.64 to 18.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for GO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GO is up. |
| ChartMill Relative Strength | 78.33 | POSITIVE | GO has a high relative strength, it outperformed 78.33% 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) | UP | POSITIVE | The current price of GO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.52 | NEUTRAL | The RSI value for GO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GO has a negative trend. |
| Stochastics (14,3) | 74.71 | NEUTRAL | The Stochastics value for GO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.12 | HIGH VOLATILITY | The high ATR as a percentage value for GO suggests high volalility. |
| Average Directional Index/ADX (14) | 38.03 | POSITIVE | The high ADX value value for GO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
18.63
+0.04 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0.22%
1 Week2.36%
2 Weeks0.7%
1 Month38.51%
3 Month37.19%
6 Month56.95%
12 Month-1.64%
2 Year-39.61%
3 Year-53.56%
5 Year-54.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%5.12%
ATR Inc-39.25%
Range Today0.97
ADR(20)0.79
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.33
Mansfield0.86
10 Day High19.23
10 Day Low17.58
20 Day High19.41
20 Day Low12.97
52 Week High21.67
52 Week Low10.26
CS1 End17.92
CR1 Start18.64
Volume & EV
DER(3)3.07%
DER(5)3.88%
Volume2.66M
Volume Incr-45.54%
Vol(5)2.23M
Vol(50)3.61M