GROCERY OUTLET HOLDING CORP (GO) Stock Technical Analysis
NASDAQ:GO - Nasdaq - US39874R1014 - Common Stock - Currency: USD
Overall GO gets a technical rating of 0 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.
When comparing the yearly performance of all stocks, GO is a bad performer in the overall market: 92% of all stocks are doing better.
GO is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, of which 79% are performing better than GO.
GO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
GO has an average volume of 3883290 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 12.34 - 13.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, GO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 13.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.55, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.09
16.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.41 to 12.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @12.21 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 13.70 to 14.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.32 from a trend line in the weekly time frame.
- Resistance @14.67 from a trend line in the daily time frame.
- Resistance @16.27 from a trend line in the daily time frame.
- Resistance @16.79 from a horizontal 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 | 8.45 | NEGATIVE | GO has a low relative strength, it was outperformed by 91.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GO is above 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) | 49.78 | NEUTRAL | The RSI value for GO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GO has a positive trend. |
| Stochastics (14,3) | 45.86 | NEUTRAL | The Stochastics value for GO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for GO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.94 | NEGATIVE | The low ADX value for GO suggests a weak or negative 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)
13.27
+0.39 (+3.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg3.03%
1 Week-0.9%
2 Weeks4.74%
1 Month-0.23%
3 Month-6.29%
6 Month-19.58%
12 Month-37.41%
2 Year-60.33%
3 Year-68.94%
5 Year-69.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%4.27%
ATR Inc-17.33%
Range Today0.47
ADR(20)0.56
ADR(20)%4.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.45
Mansfield-2.37
10 Day High13.52
10 Day Low12.34
20 Day High13.95
20 Day Low12.34
52 Week High21.83
52 Week Low10.26
CS1 End12.55
CR1 Start13.7
Volume & EV
DER(3)3.62%
DER(5)1.15%
Volume2.17M
Volume Incr-30.8%
Vol(5)2.78M
Vol(50)3.88M