GCO - Genesco Inc

Industry: Apparel Stores Sector: Services Exchange: NYSE

GCO - Genesco Inc

Industry: Apparel Stores Sector: Services Exchange: NYSE
#2131()/7600

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE -0.42%
PRICE $47.65
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

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Genesco Inc Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Buy candidate since 2018-09-07 Gain 0.32%
Shorts 8.28% ( 2018-08-31 )
Cash 94.3 mill
Loans 414.5 mill
Beta 1.07
ROA -7.49

Genesco Inc fell by -0.42% in the last day from $47.85 to $47.65 The price has fallen in 6 of the last 10 days and is down by -2.95% for this period. Volume has increased in the last day by 63 248 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 445 678 shares bought and sold for approximately $21.24 million.

Trend

Genesco Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.26% during the next 3 months and, with 90% probability hold a price between $53.72 and $63.01 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Genesco Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $47.21 and $44.98. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday September 17, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A sell signal from a double top formation was found on Monday September 17, 2018 and based on theory for this formation the price should fall by -4.40% to $43.45 within 5 trading days since signal was issued (Monday September 24, 2018).

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Genesco Inc finds support from accumulated volume at $47.60.

Support: $47.60 Price: $47.65 Resistance: $47.85

Risk

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 $1.90 (3.99%) between high and low. For the last week, the stock has had a daily average volatility of 4.13%.

Our recommended stoploss: $46.03 (-3.41%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate

Click for Top 5 Buy Candidates
GCO $47.65 $-0.20(-0.42%)
GCO is down $0.20 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for GCO based on the 1-3 month system that more than doubles the S&P 500.

Click here – the GCO analysis is free »
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