GENESCO INC. - Daily - Technical analysis published on 02/27/2020 (GMT)
- 325
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 35.59 USD
My targets
26.32 USD (-19.50%)
25.92 USD (-20.71%)
My analysis
GENESCO INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 35.59 USD. The next support located at 26.32 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 25.92 USD. Below this support, sellers could then target 21.15 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GENESCO INC. rating is 32.69 USD. The price registered a decrease of -4.81% on the session and was traded between 32.60 USD and 34.83 USD over the period. The price is currently at +0.28% from its lowest and -6.14% from its highest.32.60
34.83
32.69
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GENESCO INC. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.15 | 25.92 | 32.24 | 32.69 | 35.59 | 41.31 | 43.47 |
| Change (%) | -35.30% | -20.71% | -1.38% | - | +8.87% | +26.37% | +32.98% |
| Change | -11.54 | -6.77 | -0.45 | - | +2.90 | +8.62 | +10.78 |
| Level | Minor | Major | Major | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.47 | 32.63 | 33.49 | 34.65 | 35.51 | 36.67 | 37.53 |
| Camarilla | 33.79 | 33.97 | 34.16 | 34.34 | 34.53 | 34.71 | 34.90 |
| Woodie | 31.31 | 32.56 | 33.33 | 34.58 | 35.35 | 36.60 | 37.37 |
| Fibonacci | 32.63 | 33.41 | 33.88 | 34.65 | 35.43 | 35.90 | 36.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.19 | 34.84 | 36.02 | 37.67 | 38.85 | 40.50 | 41.68 |
| Camarilla | 36.42 | 36.68 | 36.94 | 37.20 | 37.46 | 37.72 | 37.98 |
| Woodie | 32.96 | 34.72 | 35.79 | 37.55 | 38.62 | 40.38 | 41.45 |
| Fibonacci | 34.84 | 35.92 | 36.59 | 37.67 | 38.75 | 39.42 | 40.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.32 | 32.73 | 36.03 | 42.44 | 45.74 | 52.15 | 55.45 |
| Camarilla | 36.65 | 37.54 | 38.43 | 39.32 | 40.21 | 41.10 | 41.99 |
| Woodie | 24.76 | 31.95 | 34.47 | 41.66 | 44.18 | 51.37 | 53.89 |
| Fibonacci | 32.73 | 36.44 | 38.73 | 42.44 | 46.15 | 48.44 | 52.15 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 25.07 | |
| MACD (12,26,9): | -2.2400 | |
| Directional Movement: | -27.53 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 35.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 38.16 | |
| Elder Ray (13): | -3.54 | |
| Super Trend (3,10): | 38.81 | |
| Zig ZAG (10): | 32.69 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 6.16 | |
| TEMA (21): | 34.50 | |
| Williams %R (14): | -98.99 | |
| Chande Momentum Oscillator (20): | -6.96 | |
| Repulse (5,40,3): | -12.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6400 | |
| Courbe Coppock: | 21.44 |
| MA7: | 36.30 | |
| MA20: | 38.66 | |
| MA50: | 43.47 | |
| MA100: | 41.64 | |
| MAexp7: | 35.79 | |
| MAexp20: | 38.47 | |
| MAexp50: | 40.92 | |
| MAexp100: | 41.45 | |
| Price / MA7: | -9.94% | |
| Price / MA20: | -15.44% | |
| Price / MA50: | -24.80% | |
| Price / MA100: | -21.49% | |
| Price / MAexp7: | -8.66% | |
| Price / MAexp20: | -15.02% | |
| Price / MAexp50: | -20.11% | |
| Price / MAexp100: | -21.13% |
News
The latest news and videos published on GENESCO INC. at the time of the analysis were as follows:
- Genesco Announces New Corporate Headquarters
- Genesco Inc. Earns Top Marks in 2020 Corporate Equality Index
- Genesco Reports Comparable Sales
- Genesco Closes Acquisition Of Leading Footwear Licensee Togast And Enters Into New Levi's Footwear License Agreement
- Genesco to Acquire Leading Footwear Licensee Togast and to Enter into a Levi's Footwear License Agreement
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GENESCO INC. - Daily