USA - NASDAQ:GOGO - US38046C1099 - Common Stock
Overall GOGO gets a technical rating of 0 out of 10. GOGO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
7.19
When analyzing the resistance we notice 2 important areas.
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 | 12.58 | NEGATIVE | GOGO has a low relative strength, it was outperformed by 87.42% 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) | 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) | 27.66 | OVERSOLD | The low RSI value suggests GOGO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests GOGO has a negative trend. |
| Stochastics (14,3) | 25.3 | NEUTRAL | The Stochastics value for GOGO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.28 | HIGH VOLATILITY | The high ATR as a percentage value for GOGO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.98 | POSITIVE | The high ADX value value for GOGO suggests a strong trend. |
7.26
-0.14 (-1.89%)
ChartMill assigns a technical rating of 0 / 10 to GOGO.
The current trend direction for GOGO INC (GOGO) is Bearish.
GOGO INC (GOGO) has an RSI value of 27.6616. This indicates that the stock is currently oversold.
The MACD indicator for GOGO INC (GOGO) has a value of -0.170311, indicating a bearish trend.
GOGO INC (GOGO) has a resistance level at 8.44. Check the full technical report for our detailed analysis of GOGO support and resistance levels.