GOOSEHEAD INSURANCE INC -A (GSHD) Stock Technical Analysis
USA - NASDAQ:GSHD - US38267D1090 - Common Stock
We assign a technical rating of 1 out of 10 to GSHD. GSHD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
GSHD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 73.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 67.47, a Stop Loss order could be placed below this zone.
More info and screens
64.55
2 important support areas can be observed.
- A support zone ranging from 67.02 to 67.47. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @65.20 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 73.75 to 74.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 9.75 | NEGATIVE | GSHD has a low relative strength, it was outperformed by 90.25% 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) | DOWN | NEGATIVE | The current price of GSHD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.83 | NEUTRAL | The RSI value for GSHD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests GSHD has a positive trend. |
| Stochastics (14,3) | 27.77 | NEUTRAL | The Stochastics value for GSHD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for GSHD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.37 | NEUTRAL | The ADX value for GSHD suggests a possible start of a new trend. |
69.55
+1.84 (+2.72%)
GOOSEHEAD INSURANCE INC -A / GSHD FAQ
What is the technical rating for GSHD stock?
ChartMill assigns a technical rating of 1 / 10 to GSHD.
What is the current trend direction of GOOSEHEAD INSURANCE INC -A (GSHD) stock?
The current trend direction for GOOSEHEAD INSURANCE INC -A (GSHD) is Bearish.
What is the RSI signal for GOOSEHEAD INSURANCE INC -A (GSHD) stock?
GOOSEHEAD INSURANCE INC -A (GSHD) has an RSI value of 47.8337. This indicates that the stock is currently neutral.
What is the short term momentum for GOOSEHEAD INSURANCE INC -A (GSHD) stock?
The short term momentum for GOOSEHEAD INSURANCE INC -A (GSHD) is negative.
What is the buy/sell signal for GOOSEHEAD INSURANCE INC -A (GSHD) stock?
The buy/sell signal for GOOSEHEAD INSURANCE INC -A (GSHD) is sell as both the short term and long term trends are negative.