GOOS - Canada Goose Holdings Inc. Subordinate

Exchange: NYSE

GOOS - Canada Goose Holdings Inc. Subordinate

Exchange: NYSE
#5489()/7561

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE -4.59%
PRICE $51.54
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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Canada Goose Holdings Inc. Subordinate Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Sell candidate since 2018-08-13 Loss -4.59%
Shorts 2.58% ( 2018-07-31 )
Cash 10.7 mill
Loans n/a
Beta 1.81
ROA 17.62

Canada Goose Holdings Inc. Subordinate fell by -4.59% in the last day from $54.02 to $51.54 and has now fallen 3 days in a row. The price has fallen in 8 of the last 10 days and is down by -10.26% for this period. Volume has increased in the last day by 0.34 million 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, 2.11 million shares bought and sold for approximately $108.86 million.

Trend

Canada Goose Holdings Inc. Subordinate has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $58.85. A reaction back to this level may hold a second chance to get out before further falls.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Canada Goose Holdings Inc. Subordinate holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $54.81 and $59.00. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday August 02, 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $45.85 and $42.05.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Canada Goose Holdings Inc. Subordinate finds support just below today's level at $45.85. If this is broken, then the next support from accumulated volume will be at $42.05 and $39.10.

Support: $45.85 Price: $51.54 Resistance: $57.61

Risk

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 $3.01 between high and low, or 5.92%. For the last week, the stock has had a daily average volatility of 5.94%.

Canada Goose Holdings Inc. Subordinate is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

The Canada Goose Holdings Inc. Subordinate stock holds several negative signals and despite the positive trend we believe Canada Goose Holdings Inc. Subordinate will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Sell Candidate

Click for Top 5 Sell Candidates
GOOS $51.54 $-2.48(-4.59%)
GOOS is down $2.48 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for GOOS based on the 1-3 month system that more than doubles the S&P 500.

Click here – the GOOS analysis is free »
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