GCO stock - Genesco Inc

Industry: Apparel Stores Sector: Services Exchange: NYSE

Fri 16'th Nov 2018

PERIOD 2018-08-17 - 2018-11-16
CHANGE -0.05%
PRICE $42.77
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy
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Genesco Inc Stock Analysis

Technical stock analysis for Fri 16'th Nov 2018

Sell candidate since 2018-11-09 Loss -5.90%
Shorts 8.13% ( 2018-10-31 )
Cash 50.7 mill
Loans 223.6 mill
Beta 1.04
ROA -7.49

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.

Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 50 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 $42.49.

Support: $42.49 Price: $42.77 Resistance: $47.00

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 $1.44 (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.

Overall risk:

Very Low Low Medium High Very High

Evaluation

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%)
GCO is down $0.02 today, but where's it headed in 2019?
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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