GOOSEHEAD INSURANCE INC -A (GSHD) Technical Analysis
NASDAQ:GSHD • US38267D1090
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, GSHD is a bad performer in the overall market: 96% of all stocks are doing better.
- GSHD is one of the lesser performing stocks in the Insurance industry. 82% of 149 stocks in the same industry do better.
- GSHD is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GSHD is lagging the market.
- In the last month GSHD has a been trading in the 42.87 - 55.54 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
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
43.30
When analyzing the support we notice one important area.
- A support zone ranging from 43.74 to 43.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 49.19 to 49.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @55.63 from a trend 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 | 4.88 | NEGATIVE | GSHD has a low relative strength, it was outperformed by 95.12% 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) | 31.86 | NEUTRAL | The RSI value for GSHD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests GSHD has a negative trend. |
| Stochastics (14,3) | 14.45 | OVERSOLD | The low Stochastics value suggests GSHD may be oversold. |
| Average True Range in percent/ATR (20) | 8.24 | HIGH VOLATILITY | The high ATR as a percentage value for GSHD suggests high volalility. |
| Average Directional Index/ADX (14) | 34.35 | POSITIVE | The high ADX value value for GSHD suggests a strong trend. |
GSHD Technicals: Chart, Performance Metrics, Trend & Indicators
43.96
-0.18 (-0.41%)
GOOSEHEAD INSURANCE INC -A / GSHD FAQ
What is the technical rating for GSHD stock?
ChartMill assigns a technical rating of 0 / 10 to GSHD.
What is the trend direction for 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 31.857. This indicates that the stock is currently neutral.
What is the MACD signal for GSHD stock?
The MACD indicator for GOOSEHEAD INSURANCE INC -A (GSHD) has a value of -0.0725066, indicating a bearish trend.
Can you provide the short term momentum for GOOSEHEAD INSURANCE INC -A?
The short term momentum for GOOSEHEAD INSURANCE INC -A (GSHD) is negative.