Genesco Technical Analysis (NYSE:GCO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The GCO stock chart pattern can give those who understand technical analysis an indication of which way GCO stock is headed, but cannot predict with 100% certainty as to what can happen to the Genesco stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Genesco. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Genesco stock analysis.
Genesco Moving Average
Moving averages show the GCO stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $42.71 is above the price of $40.5.
Genesco Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Genesco. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $40.5 is in the lower range of Genesco bollinger bands.
Genesco Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Genesco MACD indicator is below 0 indicating a bearish trend.
Genesco Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of GCO stock is 29.39.