GROCERY OUTLET HOLDING CORP (GO) Stock Technical Analysis
NASDAQ:GO - Nasdaq - US39874R1014 - Common Stock - Currency: USD
Overall GO gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. GO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GO is a bad performer in the overall market: 79% of all stocks are doing better.
GO is one of the lesser performing stocks in the Consumer Staples Distribution & Retail industry. 79% of 40 stocks in the same industry do better.
GO is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month GO has a been trading in the 12.13 - 15.39 range, which is quite wide. It is currently trading near the high of this range.
GO has an average volume of 3045860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GO has a poor technical rating and the quality of the setup is also 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
13.17
21.79
We found 1 important support area.
- A support zone ranging from 13.30 to 13.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 4 important resistance areas.
- Resistance @16.55 from a trend line in the weekly time frame.
- Resistance @19.51 from a trend line in the weekly time frame.
- Resistance @21.07 from a horizontal line in the daily time frame.
- Resistance @21.57 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.63
Mansfield-1.03
10 Day High15.39
10 Day Low13.11
20 Day High15.39
20 Day Low12.13
52 Week High27.64
52 Week Low10.26
Performance
1 Week6.69%
2 Weeks9.14%
1 Month20.03%
3 Month-4.95%
6 Month-12.67%
12 Month-43.79%
2 Year-49.09%
3 Year-54.97%
5 Year-54.43%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.19
RSI(14)64.3
LBB13.22
UBB14.87
15.16
+0.52 (+3.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg3.55%
1 Week6.69%
2 Weeks9.14%
1 Month20.03%
3 Month-4.95%
6 Month-12.67%
12 Month-43.79%
2 Year-49.09%
3 Year-54.97%
5 Year-54.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%4.97%
ATR Inc65.69%
Range Today0.93
ADR(20)0.72
ADR(20)%4.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.63
Mansfield-1.03
10 Day High15.39
10 Day Low13.11
20 Day High15.39
20 Day Low12.13
52 Week High27.64
52 Week Low10.26
CS1 End13.67
CR1 Start16.55
Volume & EV
DER(3)-1.33%
DER(5)0.26%
Volume3.19M
Volume Incr24.46%
Vol(5)3.22M
Vol(50)3.05M