GCO - Genesco Inc

Industry: Apparel Stores Sector: Services Exchange: NYSE

GCO - Genesco Inc

Industry: Apparel Stores Sector: Services Exchange: NYSE
#3515()/6981

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE -1.69%
PRICE $40.75
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Genesco Inc Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Hold candidate since 2018-07-20
Shorts 6.08% ( 2018-06-29 )
Cash 94.3 mill
Loans 414.5 mill
Beta 1.04
ROA -8.23

Genesco Inc fell by -1.69% in the last day from $41.45 to $40.75 The price has risen in 5 of the last 10 days , but is still down by -0.73% 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 -66 250 shares and in total 266 539 shares bought and sold for approximately $10.86 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 -8.20% during the next 3 months and, with 90% probability hold a price between $34.38 and $39.95 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $40.06 and $40.72. 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 Thursday July 19, 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 56 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 $40.50.

Support: $40.50 Price: $40.75 Resistance: $40.95

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 $1.00 (2.47%) between high and low. For the last week, the stock has had a daily average volatility of 3.16%.

Our recommended stoploss: $38.75 (-4.91%) (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

Genesco Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate

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GCO $40.75 $-0.70(-1.69%)
GCO is down $0.70 today, but where's it headed in August?
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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