CANADA GOOSE HOLDINGS INC (GOOS) Stock Technical Analysis
NYSE:GOOS - New York Stock Exchange, Inc. - CA1350861060 - Common Stock - Currency: USD
Taking everything into account, GOOS scores 8 out of 10 in our technical rating. Although GOOS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
GOOS is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 76% of 48 stocks in the same industry.
GOOS has an average volume of 1222070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GOOS is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
GOOS 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 GOOS is lagging the market slightly.
In the last month GOOS has a been trading in the 10.19 - 12.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GOOS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 11.01, a Stop Loss order could be placed below this zone.
More info and screens
9.83
12.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.01 to 11.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.21 to 10.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.93 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @11.88 from a trend line in the weekly time frame.
- Resistance @12.08 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 12.62 to 12.67. This zone is formed by a combination of multiple trend lines 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 GOOS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOOS is up. |
| ChartMill Relative Strength | 75.62 | POSITIVE | GOOS has a high relative strength, it outperformed 75.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GOOS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOOS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GOOS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.52 | NEUTRAL | The RSI value for GOOS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests GOOS has a negative trend. |
| Stochastics (14,3) | 23.4 | NEUTRAL | The Stochastics value for GOOS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for GOOS suggests high volalility. |
| Average Directional Index/ADX (14) | 30.16 | POSITIVE | The high ADX value value for GOOS 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 |
|---|---|---|---|
| 11.42 | 11.00 | 0.42 (3.69%) | 25.00% |
| An entry @11.42. This is a Buy Stop order right above the 10 day moving average. | An exit @11.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.42 points, which is 3.69%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GOOS. 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.
11.21
-0.05 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-0.44%
1 Week-3.36%
2 Weeks-4.19%
1 Month25.67%
3 Month35.39%
6 Month10.66%
12 Month-14.56%
2 Year-37.02%
3 Year-37.76%
5 Year-51.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%5.51%
ATR Inc-14.41%
Range Today0.33
ADR(20)0.53
ADR(20)%4.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.62
Mansfield0.44
10 Day High12.03
10 Day Low10.97
20 Day High12.77
20 Day Low10.19
52 Week High13.46
52 Week Low6.73
CS1 End11.01
CR1 Start11.88
Volume & EV
DER(3)0.6%
DER(5)-0.1%
Volume434.50K
Volume Incr-68.22%
Vol(5)590.16K
Vol(50)1.22M