GOOSEHEAD INSURANCE INC -A (GSHD) Stock Technical Analysis
NASDAQ:GSHD - US38267D1090 - Common Stock
84.71 USD
-1.73 (-2%)
84.71 USD
0 (0%)
We assign a technical rating of 0 out of 10 to GSHD. GSHD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GSHD is a bad performer in the overall market: 85% of all stocks are doing better.
GSHD is one of the lesser performing stocks in the Insurance industry. 73% of 146 stocks in the same industry do better.
GSHD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GSHD has a been trading in the 84.47 - 90.79 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GSHD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 84.70, a Stop Loss order could be placed below this zone.
More info and screens
83.85
106.57
When analyzing the support we notice one important area.
- A support zone ranging from 84.70 to 84.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- Resistance @84.90 from a horizontal line in the daily time frame.
- A resistance zone ranging from 86.32 to 87.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 89.49 to 90.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @95.78 from a trend line in the daily time frame.
- Resistance @101.04 from a trend line in the weekly time frame.
- Resistance @105.51 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for GSHD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GSHD is down. |
| ChartMill Relative Strength | 15.65 | NEGATIVE | GSHD has a low relative strength, it was outperformed by 84.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GSHD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GSHD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GSHD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.52 | NEUTRAL | The RSI value for GSHD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests GSHD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.02 | NEUTRAL | The Stochastics value for GSHD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for GSHD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.87 | NEUTRAL | The ADX value for GSHD suggests a possible start of a new 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)
84.71
-1.73 (-2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-2%
1 Week-5.34%
2 Weeks-1.57%
1 Month-1.18%
3 Month-21.75%
6 Month-31.25%
12 Month0.44%
2 Year21.26%
3 Year62.9%
5 Year-17.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.93
ATR(20)%3.36%
ATR Inc-28.5%
Range Today2.77
ADR(20)2.78
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.65
Mansfield-2.6
10 Day High90.16
10 Day Low84.47
20 Day High90.79
20 Day Low84.47
52 Week High130.39
52 Week Low79.69
CS1 End84.7
CR1 Start84.9
Volume & EV
DER(3)0.47%
DER(5)1.7%
Volume246.10K
Volume Incr-48.85%
Vol(5)212.82K
Vol(50)361.07K