GOOSEHEAD INSURANCE INC -A (GSHD) Stock Technical Analysis
NASDAQ:GSHD - Nasdaq - US38267D1090 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to GSHD. Although GSHD 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month GSHD has a been trading in the 98.29 - 113.00 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that GSHD is one of the better performing stocks in the market, outperforming 90% of all stocks.
GSHD is one of the better performing stocks in the Insurance industry, it outperforms 90% of 144 stocks in the same industry.
GSHD 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 GSHD is lagging the market slightly.
The technical rating of GSHD 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
94.59
120.60
2 important support areas can be observed.
- A support zone ranging from 98.59 to 99.03. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 95.55 to 96.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 105.37 to 106.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 108.71 to 110.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 113.83 to 113.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @117.09 from a trend line in the daily time frame.
- Resistance @119.41 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 GSHD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GSHD is down. |
| ChartMill Relative Strength | 90.37 | POSITIVE | GSHD has a high relative strength, it outperformed 90.37% 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) | UP | MIXED | The current price of GSHD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.12 | NEUTRAL | The RSI value for GSHD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.13 | NEGATIVE | The MACD value suggests GSHD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.72 | OVERSOLD | The low Stochastics value suggests GSHD may be oversold. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for GSHD suggests some volalility. |
| Average Directional Index/ADX (14) | 16.93 | NEGATIVE | The low ADX value for GSHD suggests a weak or negative 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)
101.76
+2.73 (+2.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg2.76%
1 Week-2.36%
2 Weeks-9.31%
1 Month-5.11%
3 Month-14.05%
6 Month-2.3%
12 Month77.16%
2 Year61.81%
3 Year122.82%
5 Year35.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.16
ATR(20)%3.02%
ATR Inc-1.03%
Range Today3.53
ADR(20)3.02
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.37
Mansfield-0.41
10 Day High112.96
10 Day Low98.29
20 Day High113
20 Day Low98.29
52 Week High130.39
52 Week Low55.08
CS1 End99.03
CR1 Start105.37
Volume & EV
DER(3)-1.04%
DER(5)-2.96%
Volume213.40K
Volume Incr29.32%
Vol(5)270.02K
Vol(50)282.75K