GOGO INC (GOGO) Stock Technical Analysis
NASDAQ:GOGO - Nasdaq - US38046C1099 - Common Stock - Currency: USD
Taking everything into account, GOGO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GOGO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
GOGO is part of the Wireless Telecommunication Services industry. There are 21 other stocks in this industry. GOGO outperforms 100% of them.
GOGO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month GOGO has a been trading in the 10.26 - 15.10 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GOGO has an average volume of 1971060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, GOGO did better than 95% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GOGO has an excellent technical rating, it does not present a decent entry opportunity 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
6.24
14.63
We found 3 important support areas.
- Support @7.32 from a horizontal line in the daily time frame.
- Support @6.55 from a horizontal line in the daily time frame.
- Support @6.30 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.49 to 14.49. 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 | UP | POSITIVE | The long term trend for GOGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOGO is up. |
| ChartMill Relative Strength | 95.13 | POSITIVE | GOGO has a high relative strength, it outperformed 95.13% 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) | UP | POSITIVE | The current price of GOGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GOGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.46 | OVERBOUGHT | The high RSI value suggests GOGO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests GOGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.05 | OVERBOUGHT | The high Stochastics value suggests GOGO may be overbought. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for GOGO suggests some volalility. |
| Average Directional Index/ADX (14) | 40.3 | POSITIVE | The high ADX value value for GOGO suggests a strong 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)
14.48
+0.1 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg0.7%
1 Week15.56%
2 Weeks21.78%
1 Month30.33%
3 Month68.18%
6 Month88.3%
12 Month50.52%
2 Year-14.87%
3 Year-10.56%
5 Year358.23%
10 Year-32.43%
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%4.73%
ATR Inc-29.64%
Range Today0.41
ADR(20)0.66
ADR(20)%4.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.13
Mansfield6.29
10 Day High15.1
10 Day Low11.3
20 Day High15.1
20 Day Low10.26
52 Week High15.1
52 Week Low6.17
CS1 End7.32
CR1 Start14.49
Volume & EV
DER(3)4.84%
DER(5)3.18%
Volume1.33M
Volume Incr73.54%
Vol(5)2.99M
Vol(50)1.97M