GOOSEHEAD INSURANCE INC -A (GSHD) Stock Technical Analysis
NASDAQ:GSHD - Nasdaq - US38267D1090 - Common Stock - Currency: USD
We assign a technical rating of 4 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.
GSHD has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 104.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 96.32, a Stop Loss order could be placed below this zone.
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94.59
We found 1 important support area.
- A support zone ranging from 95.55 to 96.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 104.35 to 106.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 113.83 to 115.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @118.74 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 | NEUTRAL | NEUTRAL | The short term trend for GSHD is neutral. |
| ChartMill Relative Strength | 83.9 | POSITIVE | GSHD has a high relative strength, it outperformed 83.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GSHD is above the rising 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) | 50.55 | 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. |
| Stochastics (14,3) | 53.93 | NEUTRAL | The Stochastics value for GSHD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for GSHD suggests some volalility. |
| Average Directional Index/ADX (14) | 23.72 | NEUTRAL | The ADX value for GSHD suggests a possible start of a new trend. |
102.09
-0.11 (-0.11%)