GOGO INC (GOGO) Stock Technical Analysis
NASDAQ:GOGO - US38046C1099 - Common Stock
10.98 USD
+0.01 (+0.09%)
10.98 USD
0 (0%)
Taking everything into account, GOGO scores 2 out of 10 in our technical rating. Although GOGO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month GOGO has a been trading in the 10.91 - 16.18 range, which is quite wide. It is currently trading near the lows of this range.
GOGO has an average volume of 1783500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, GOGO did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
GOGO is part of the Wireless Telecommunication Services industry. There are 21 other stocks in this industry, GOGO did better than 65% of them.
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.
GOGO has a poor technical rating and the quality of the setup is also only medium 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
7.31
12.50
2 important support areas can be observed.
- A support zone ranging from 10.96 to 10.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.38 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.30 to 12.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for GOGO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GOGO is down. |
| ChartMill Relative Strength | 80.68 | POSITIVE | GOGO has a high relative strength, it outperformed 80.68% 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) | UP | POSITIVE | The current price of GOGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.81 | NEUTRAL | The RSI value for GOGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests GOGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.42 | OVERSOLD | The low Stochastics value suggests GOGO may be oversold. |
| Average True Range in percent/ATR (20) | 6.42 | HIGH VOLATILITY | The high ATR as a percentage value for GOGO suggests high volalility. |
| Average Directional Index/ADX (14) | 33.55 | 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)
10.98
+0.01 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg0.09%
1 Week-5.02%
2 Weeks-9.48%
1 Month-27.48%
3 Month3.49%
6 Month49.8%
12 Month37.77%
2 Year-3.26%
3 Year-26.11%
5 Year113.62%
10 Year-30.9%
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%6.42%
ATR Inc-28.32%
Range Today0.29
ADR(20)0.66
ADR(20)%6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.68
Mansfield0.8
10 Day High12.5
10 Day Low10.91
20 Day High16.18
20 Day Low10.91
52 Week High16.82
52 Week Low6.17
CS1 End10.97
CR1 Start12.3
Volume & EV
DER(3)3.74%
DER(5)1.64%
Volume1.39M
Volume Incr-26.29%
Vol(5)1.47M
Vol(50)1.78M