We assign a technical rating of 0 out of 10 to GO. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 92% 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 75% 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 2526970 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 8.96 - 10.53 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. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.81. Right above this resistance zone may be a good entry point. 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
9.44
When analyzing the support we notice one important area.
- A support zone ranging from 9.54 to 9.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.81 to 9.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.57 from a trend line in the weekly time frame.
- Resistance @17.26 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 | 8.41 | NEGATIVE | GO has a low relative strength, it was outperformed by 91.59% 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) | 44.66 | NEUTRAL | The RSI value for GO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests GO has a positive trend. |
| Stochastics (14,3) | 59.3 | NEUTRAL | The Stochastics value for GO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for GO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.92 | POSITIVE | The high ADX value value for GO suggests a strong trend. |
9.8
-0.06 (-0.61%)
GROCERY OUTLET HOLDING CORP / GO FAQ
Can you provide the ChartMill technical rating for GROCERY OUTLET HOLDING CORP?
ChartMill assigns a technical rating of 0 / 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 44.6553. 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.