Canada Goose Holdings Inc. Subordinate Stock Analysis
Technical stock analysis for 18 January 2019
|Shorts||2.02% ( 2018-12-31 )|
Canada Goose Holdings Inc. Subordinate gained 0.89% in the last trading day, rising from $49.64 to $50.08 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 11.96% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.77 million more shares were traded than the day before. In total, 2.57 million shares bought and sold for approximately $128.79 million.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the GOOS stock was $50.08. This is 0.89% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 4.63% from a day low at $49.87 to a day high of $52.18.
30 day high of the GOOS stock price was $52.84 and low was $40.19.
90 day high was $72.27 and low was $40.19.
52 week high for the Canada Goose Holdings Inc. Subordinate - $72.27 and low - $28.41.
Canada Goose Holdings Inc. Subordinate lies in the middle of a very 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 -16.22% during the next 3 months and, with 90% probability hold a price between $29.72 and $53.00 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday January 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Canada Goose Holdings Inc. Subordinate holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $51.34. On a fall, the stock will find some support from the short-term average at $48.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Canada Goose Holdings Inc. Subordinate finds support from accumulated volume at $48.75.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.31 between high and low, or 4.63%. For the last week, the stock has had a daily average volatility of 3.94%.
Our recommended stoploss: $47.98 (-4.20%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 4 days ago.)
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Canada Goose Holdings Inc. Subordinate 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.
|GOOS $50.08 $0.44(0.89%)|
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