Fri 16'th Nov 2018
Genesco Inc Stock Analysis
Technical stock analysis for Fri 16'th Nov 2018
|Shorts||8.13% ( 2018-10-31 )|
Genesco Inc fell by -0.05% in the last day from $42.79 to $42.77 and has now fallen 7 days in a row. The price has fallen in 7 of the last 10 days and is down by -4.19% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -46 658 shares and in total 320 399 shares bought and sold for approximately $13.70 million.
Genesco Inc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.14% during the next 3 months and, with 90% probability hold a price between $36.77 and $43.46 at the end of this period.
There are few to none technical positive signals at the moment. Genesco Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $44.29 and $43.74. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday November 08, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Genesco Inc finds support from accumulated volume at $42.49.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.44 (3.46%) between high and low. For the last week, the stock has had a daily average volatility of 3.59%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Genesco Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
|GCO $42.77 $-0.02(-0.05%)|
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