GOGO INC (GOGO) Stock Technical Analysis
NASDAQ:GOGO - Nasdaq - US38046C1099 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to GOGO. Both in the recent history as in the last year, GOGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
GOGO is one of the better performing stocks in the Wireless Telecommunication Services industry, it outperforms 80% of 21 stocks in the same industry.
GOGO has an average volume of 1970800 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 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
GOGO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GOGO is lagging the market slightly.
In the last month GOGO has a been trading in the 7.37 - 13.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although GOGO has an excellent technical rating, the quality of the presented setup is not ideal 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
12.51
When analyzing the support we can see 5 important areas.
- A support zone ranging from 10.60 to 10.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.32 from a horizontal line in the daily time frame.
- A support zone ranging from 7.12 to 7.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.55 from a horizontal line in the daily time frame.
- Support @6.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @12.39 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for GOGO is up. |
| ChartMill Relative Strength | 91.81 | POSITIVE | GOGO has a high relative strength, it outperformed 91.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GOGO is below 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) | 54.98 | NEUTRAL | The RSI value for GOGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests GOGO has a negative trend. |
| Stochastics (14,3) | 15.04 | OVERSOLD | The low Stochastics value suggests GOGO may be oversold. |
| Average True Range in percent/ATR (20) | 7.69 | HIGH VOLATILITY | The high ATR as a percentage value for GOGO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.57 | 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)
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 |
|---|---|---|---|
| 11.30 | 10.59 | 0.71 (6.26%) | 15.98% |
| An entry @11.30. This is a Buy Stop order right above the 10 day moving average. | An exit @10.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.71 points, which is 6.26%. | When investing 15.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GOGO. Please evaluate whether better entry and exit points can be found.
- 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.
10.8
+0.04 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg0.37%
1 Week-2.79%
2 Weeks-11.91%
1 Month44%
3 Month56.98%
6 Month39.53%
12 Month10.09%
2 Year-36.51%
3 Year-33.29%
5 Year241.77%
10 Year-49.6%
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%7.69%
ATR Inc-26.44%
Range Today0.45
ADR(20)0.7
ADR(20)%6.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.81
Mansfield2.65
10 Day High13.16
10 Day Low10.26
20 Day High13.16
20 Day Low7.37
52 Week High13.16
52 Week Low6.17
CS1 End10.6
CR1 Start12.39
Volume & EV
DER(3)4.54%
DER(5)2.05%
Volume1.36M
Volume Incr-45.21%
Vol(5)1.34M
Vol(50)1.97M