Genesco GCO Technical Analysis

Source: Stock Traders Daily

Longer Term Trading Plans for GCO
  • Buy GCO over 54.45 target 60.86 stop loss @ 54.29 Details
  • The technical summary data tells us to buy GCO near 54.45 with an upside target of 60.86. This data also tells us to set a stop loss @ 54.29 to protect against excessive loss in case the stock begins to move against the trade. 54.45 is the first level of support below 58.56 , and by rule, any test of support is a buy signal. In this case, support 54.45 would be being tested, so a buy signal would exist.

  • Short GCO under 60.86, target 54.45, stop loss @ 61.04 Details
  • The technical summary data is suggesting a short of GCO as it gets near 60.86 with a downside target of 54.45. We should have a stop loss in place at 61.04though. 60.86 is the first level of resistance above 58.56, and by rule, any test of resistance is a short signal. In this case, if resistance 60.86 is being tested, so a short signal would exist.

Swing Trading Plans for GCO
  • Buy GCO over 59.65, target 60.86, Stop Loss @ 59.48 Details
  • If 59.65 begins to break higher, the technical summary data tells us to buy GCO just over 59.65, with an upside target of 60.86. The data also tells us to set a stop loss @ 59.48 in case the stock turns against the trade. 59.65 is the first level of resistance above 58.56, and by rule, any break above resistance is a buy signal. In this case, 59.65, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short GCO near 59.65, target 54.45, Stop Loss @ 59.82. Details
  • The technical summary data is suggesting a short of GCO if it tests 59.65 with a downside target of 54.45. We should have a stop loss in place at 59.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 59.65, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GCO
  • Buy GCO over 59.65, target 60.86, Stop Loss @ 59.51 Details
  • If 59.65 begins to break higher, the technical summary data tells us to buy GCO just over 59.65, with an upside target of 60.86. The data also tells us to set a stop loss @ 59.51 in case the stock turns against the trade. 59.65 is the first level of resistance above 58.56, and by rule, any break above resistance is a buy signal. In this case, 59.65, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short GCO near 59.65, target 57.13, Stop Loss @ 59.79. Details
  • The technical summary data is suggesting a short of GCO if it tests 59.65 with a downside target of 57.13. We should have a stop loss in place at 59.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 59.65, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

GCO Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Strong
P1 0 0 54.45
P2 52.17 54.08 60.86
P3 57.13 59.65 67.71

GCO Long Term Analysis for July 22 2021


GCO Swing Trading Analysis for July 22 2021


GCO Day Trading Analysis for July 22 2021

This proprietary methodology is designed to optimize trading in Genesco (NYSE: GCO) and establish prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GCO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GCO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GCO too.  All of these are offered below the Summary Table.

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