GROCERY OUTLET HOLDING CORP (GO) Stock Technical Analysis
NASDAQ:GO - Nasdaq - US39874R1014 - Common Stock - Currency: USD
Taking everything into account, GO scores 1 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GO is a bad performer in the overall market: 82% of all stocks are doing better.
GO is one of the lesser performing stocks in the Consumer Staples Distribution & Retail industry. 70% of 41 stocks in the same industry do better.
GO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GO is lagging the market.
GO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
GO has an average volume of 3667880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 13.67, 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
13.15
15.82
When analyzing the support we notice one important area.
- A support zone ranging from 13.28 to 13.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 13.70 to 13.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.04 from a horizontal line in the daily time frame.
- Resistance @15.40 from a trend line in the weekly time frame.
- Resistance @15.66 from a trend line in the daily 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 | 18.8 | NEGATIVE | GO has a low relative strength, it was outperformed by 81.2% 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) | UP | MIXED | The current price of GO is below the rising 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) | 44.14 | NEUTRAL | The RSI value for GO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GO has a positive trend. |
| Stochastics (14,3) | 45.34 | NEUTRAL | The Stochastics value for GO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for GO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.21 | NEUTRAL | The ADX value for GO suggests a possible start of a new 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)
13.69
-0.09 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-0.65%
1 Week0.81%
2 Weeks1.56%
1 Month-8.61%
3 Month4.5%
6 Month-28.4%
12 Month-34.53%
2 Year-55.28%
3 Year-67.89%
5 Year-66.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%3.93%
ATR Inc-2.13%
Range Today0.42
ADR(20)0.54
ADR(20)%3.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.8
Mansfield-2.27
10 Day High14.13
10 Day Low13.21
20 Day High14.98
20 Day Low13.21
52 Week High22.55
52 Week Low10.26
CS1 End13.67
CR1 Start13.7
Volume & EV
DER(3)4.99%
DER(5)4.63%
Volume2.28M
Volume Incr-22.5%
Vol(5)3.18M
Vol(50)3.67M