GOHEALTH INC-CLASS A (GOCO) Stock Technical Analysis
NASDAQ:GOCO - Nasdaq - US38046W2044 - Common Stock - Currency: USD
Taking everything into account, GOCO scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, GOCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
GOCO is one of the better performing stocks in the Insurance industry, it outperforms 93% of 144 stocks in the same industry.
GOCO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GOCO is lagging the market slightly.
GOCO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that GOCO is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this relatively good performance is mostly due to a recent big move.
GOCO has an excellent technical rating and also presents 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 19.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.93, a Stop Loss order could be placed below this zone.
More info and screens
10.49
19.34
We found 4 important support areas.
- A support zone ranging from 17.78 to 17.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.26 from a trend line in the daily time frame.
- Support @12.44 from a trend line in the daily time frame.
- Support @10.60 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.15 to 19.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.73
Mansfield4.67
10 Day High20
10 Day Low14.68
20 Day High20
20 Day Low14.68
52 Week High20
52 Week Low7.27
Performance
1 Week-0.44%
2 Weeks13.62%
1 Month1.18%
3 Month50.76%
6 Month80.66%
12 Month40.49%
2 Year10.67%
3 Year-46.37%
5 YearN/A
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)0.01
RSI(14)58.72
LBB14.88
UBB19.77
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.16 | 17.77 | 1.39 (7.25%) | 13.78% |
| An entry @19.16. This is a Buy Stop order right above the resistance zone. | An exit @17.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.39 points, which is 7.25%. | When investing 13.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GOCO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.94
-0.32 (-1.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.75%
1 Week-0.44%
2 Weeks13.62%
1 Month1.18%
3 Month50.76%
6 Month80.66%
12 Month40.49%
2 Year10.67%
3 Year-46.37%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%6.96%
ATR Inc-50.95%
Range Today0.47
ADR(20)1.17
ADR(20)%6.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.73
Mansfield4.67
10 Day High20
10 Day Low14.68
20 Day High20
20 Day Low14.68
52 Week High20
52 Week Low7.27
CS1 End17.93
CR1 Start19.15
Volume & EV
DER(3)0.27%
DER(5)-1.84%
Volume32.10K
Volume Incr-47.59%
Vol(5)35.32K
Vol(50)58.13K