GOGO INC (GOGO) Stock Technical Analysis
NASDAQ:GOGO - Nasdaq - US38046C1099 - Common Stock - Currency: USD
Overall GOGO gets a technical rating of 9 out of 10. In the last year, GOGO was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month GOGO has a been trading in the 11.94 - 16.82 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, GOGO did better than 87% of all other stocks. On top of that, GOGO also shows a nice and consistent pattern of rising prices.
GOGO is part of the Wireless Telecommunication Services industry. There are 21 other stocks in this industry. GOGO outperforms 75% of them.
GOGO has an average volume of 1757630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GOGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GOGO is lagging the market.
Although GOGO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.48
12.17
2 important support areas can be observed.
- Support @7.32 from a trend line in the weekly time frame.
- Support @6.55 from a horizontal 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 | UP | POSITIVE | The long term trend for GOGO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GOGO is neutral. |
| ChartMill Relative Strength | 87.76 | POSITIVE | GOGO has a high relative strength, it outperformed 87.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GOGO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GOGO is below 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) | 29.67 | OVERSOLD | The low RSI value suggests GOGO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests GOGO has a negative trend. |
| Stochastics (14,3) | 23.08 | NEUTRAL | The Stochastics value for GOGO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.74 | HIGH VOLATILITY | The high ATR as a percentage value for GOGO suggests high volalility. |
| Average Directional Index/ADX (14) | 35.46 | 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)
12.05
-3.26 (-21.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg-21.29%
1 Week-24.02%
2 Weeks-23.54%
1 Month-22.01%
3 Month9.55%
6 Month45.53%
12 Month57.93%
2 Year6.17%
3 Year-18.91%
5 Year134.44%
10 Year-24.17%
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%6.74%
ATR Inc169.6%
Range Today3.17
ADR(20)0.75
ADR(20)%6.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.76
Mansfield2.29
10 Day High16.82
10 Day Low11.94
20 Day High16.82
20 Day Low11.94
52 Week High16.82
52 Week Low6.17
CS1 End7.32
CR1 StartN/A
Volume & EV
DER(3)1.38%
DER(5)0.2%
Volume5.01M
Volume Incr74.27%
Vol(5)2.30M
Vol(50)1.76M