GOOSEHEAD INSURANCE INC -A (GSHD) Stock Technical Analysis
NASDAQ:GSHD - Nasdaq - US38267D1090 - Common Stock - Currency: USD
Taking everything into account, GSHD scores 7 out of 10 in our technical rating. GSHD has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GSHD is one of the better performing stocks in the market, outperforming 91% of all stocks.
GSHD is one of the better performing stocks in the Insurance industry, it outperforms 90% of 143 stocks in the same industry.
GSHD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GSHD is performing more or less in line with the market.
In the last month GSHD has a been trading in the 94.56 - 114.76 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.
GSHD has an excellent technical rating, but the quality of the setup is only medium 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
94.10
125.08
We found 3 important support areas.
- Support @104.47 from a trend line in the weekly time frame.
- A support zone ranging from 98.59 to 99.54. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 95.05 to 95.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @111.77 from a trend line in the daily time frame.
- Resistance @118.53 from a trend line in the daily time frame.
- A resistance zone ranging from 123.21 to 123.84. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for GSHD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GSHD is up. |
| ChartMill Relative Strength | 91.38 | POSITIVE | GSHD has a high relative strength, it outperformed 91.38% 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 | MIXED | The current price of GSHD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GSHD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.47 | NEUTRAL | The RSI value for GSHD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests GSHD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.28 | NEUTRAL | The Stochastics value for GSHD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for GSHD suggests some volalility. |
| Average Directional Index/ADX (14) | 14.32 | 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)
108.48
-0.13 (-0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.12%
1 Week0.76%
2 Weeks2.29%
1 Month11.59%
3 Month-11.96%
6 Month-13.99%
12 Month68.19%
2 Year96.59%
3 Year109.5%
5 Year80.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.38
ATR(20)%3.34%
ATR Inc-38.59%
Range Today1.72
ADR(20)3.61
ADR(20)%3.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.38
Mansfield0.71
10 Day High114.76
10 Day Low104.53
20 Day High114.76
20 Day Low94.56
52 Week High130.39
52 Week Low54.8
CS1 End104.47
CR1 Start111.77
Volume & EV
DER(3)2.01%
DER(5)2.64%
Volume150.60K
Volume Incr-53.08%
Vol(5)185.01K
Vol(50)299.73K