GOGO INC (GOGO) Stock Technical Analysis
NASDAQ:GOGO • US38046C1099
Overall GOGO gets a technical rating of 0 out of 10. GOGO'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 93% of all other stocks performed better in the past year than GOGO.
- GOGO is one of the lesser performing stocks in the Wireless Telecommunication Services industry. 85% of 22 stocks in the same industry do better.
- GOGO 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.
- GOGO has an average volume of 3025000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GOGO has a been trading in the 3.85 - 5.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of GOGO is bad and it also does not present a quality setup 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
3.87
When analyzing the support we notice one important area.
- Support @3.91 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.42 to 4.49. 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 | DOWN | NEGATIVE | The long term trend for GOGO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GOGO is down. |
| ChartMill Relative Strength | 7.33 | NEGATIVE | GOGO has a low relative strength, it was outperformed by 92.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GOGO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GOGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GOGO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.84 | NEUTRAL | The RSI value for GOGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GOGO has a positive trend. |
| Stochastics (14,3) | 59.8 | NEUTRAL | The Stochastics value for GOGO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for GOGO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.33 | POSITIVE | The high ADX value value for GOGO suggests a strong trend. |
4.41
-0.07 (-1.56%)
GOGO INC / GOGO FAQ
Can you provide the ChartMill technical rating for GOGO INC?
ChartMill assigns a technical rating of 0 / 10 to GOGO.
What is the trend direction for GOGO stock?
The current trend direction for GOGO INC (GOGO) is Bearish.
What is the RSI signal for GOGO stock?
GOGO INC (GOGO) has an RSI value of 47.8413. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GOGO INC?
The short term momentum for GOGO INC (GOGO) is negative.
What is the buy/sell signal for GOGO INC (GOGO) stock?
The buy/sell signal for GOGO INC (GOGO) is sell as both the short term and long term trends are negative.