GOL LINHAS AEREAS INTEL-ADR (GOL) Stock Technical Analysis
NYSE:GOL - New York Stock Exchange, Inc. - US38045R2067 - ADR - Currency: USD
We assign a technical rating of 0 out of 10 to GOL. GOL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
78% of all other stocks performed better in the past year than GOL.
GOL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GOL is lagging the market.
GOL is an average performer in the Passenger Airlines industry, it outperforms 42% of 22 stocks in the same industry.
In the last month GOL has a been trading in the 1.86 - 3.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of GOL 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.
More info and screens
2.36
4.39
We found 3 important support areas.
- Support @2.64 from a trend line in the weekly time frame.
- A support zone ranging from 2.42 to 2.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.38 from a horizontal line in the daily time frame.
7 important resistance areas can be observed.
- A resistance zone ranging from 2.73 to 2.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.37 to 3.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.50 from a trend line in the daily time frame.
- Resistance @3.66 from a trend line in the daily time frame.
- Resistance @3.77 from a horizontal line in the daily time frame.
- Resistance @3.93 from a horizontal line in the daily time frame.
- Resistance @4.35 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 | DOWN | NEGATIVE | The long term trend for GOL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GOL is down. |
| ChartMill Relative Strength | 22.49 | NEGATIVE | GOL has a low relative strength, it was outperformed by 77.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GOL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GOL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GOL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.36 | NEUTRAL | The RSI value for GOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GOL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.66 | NEUTRAL | The Stochastics value for GOL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.49 | HIGH VOLATILITY | The high ATR as a percentage value for GOL suggests high volalility. |
| Average Directional Index/ADX (14) | 31.37 | POSITIVE | The high ADX value value for GOL 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)
NYSE:GOL (1/25/2024, 8:25:54 PM)
2.715
+0.08 (+3.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg3.23%
1 Week4.83%
2 Weeks-14.35%
1 Month-27.6%
3 Month-13.26%
6 Month-32.46%
12 Month-10.98%
2 Year-61.16%
3 Year-68.69%
5 Year-79.99%
10 Year-65.46%
15 Year-68.43%
Volatility
ATR(14)0.24
ATR(20)%7.49%
ATR Inc-19.78%
Range Today0.12
ADR(20)0.17
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
CRS22.49
Mansfield-2.52
10 Day High3.26
10 Day Low1.86
20 Day High3.8
20 Day Low1.86
52 Week High5.59
52 Week Low1.86
CS1 End2.64
CR1 Start2.73
Volume & EV
DER(3)-3.76%
DER(5)-2.16%
Volume1.26M
Volume Incr-12.08%
Vol(5)1.02M
Vol(50)856.06K