GOGO Technical Analysis - GOGO INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to GOGO. 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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

78% 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. 66% of 22 stocks in the same industry do better.

GOGO 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.

GOGO has an average volume of 1866700 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 8.28 - 9.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

GOGO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.48

9.69

We found 5 important support areas.

A support zone ranging from 9.09 to 9.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 8.89 to 8.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @8.72 from a horizontal line in the weekly time frame.
A support zone ranging from 8.35 to 8.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @7.56 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

Resistance @9.59 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	22.05	NEGATIVE	GOGO has a low relative strength, it was outperformed by 77.95% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GOGO is above the rising 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)	UP	MIXED	The current price of GOGO is below the rising SMA(200).
Relative Strength Index/RSI (14)	46.25	NEUTRAL	The RSI value for GOGO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests GOGO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	48.17	NEUTRAL	The Stochastics value for GOGO is a neutral value.
Average True Range in percent/ATR (20)	5.32	HIGH VOLATILITY	The high ATR as a percentage value for GOGO suggests high volalility.
Average Directional Index/ADX (14)	24.54	NEUTRAL	The ADX value for GOGO suggests a possible start of a new trend.