GO-AHEAD GROUP PLC (GOG.L) Stock Technical Analysis
LON:GOG - London Exchange - GB0003753778 - Common Stock - Currency: GBX
Overall GOG gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GOG is showing a nice and steady performance.
GOG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1544.80, a Stop Loss order could be placed below this zone.
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559.35
2 important support areas can be observed.
- A support zone ranging from 1483.99 to 1544.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @565.00 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1590.00 to 1614.01. 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 GOG.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOG.L is up. |
| ChartMill Relative Strength | 95.36 | POSITIVE | GOG.L has a high relative strength, it outperformed 95.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GOG.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOG.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GOG.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.2 | NEUTRAL | The RSI value for GOG.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests GOG.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70 | NEUTRAL | The Stochastics value for GOG.L is a neutral value. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for GOG.L suggests low volalility. |
| Average Directional Index/ADX (14) | 20 | NEGATIVE | The low ADX value for GOG.L suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1,550.01 | 1,539.99 | 10.02 (0.65%) | 25.00% |
| An entry @1550.01. This is a Buy Stop order right above the 10 day high. | An exit @1539.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 10.02 points, which is 0.65%. | For a 0.16% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LON:GOG (10/7/2022, 5:29:50 PM)
1548
+2 (+0.13%)