Goosehead Insurance Inc (GSHD): Price Now Near $164.3; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for GSHD

At the time of this writing, GSHD (Get Ratings)’s price is up $0.54 (0.33%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as GSHD has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

GSHD ranks 13th in terms of today’s price percentage change out of Insurance stocks.

GSHD’s Technical Outlook on the Daily Chart

Currently, GSHD’s price is up $1.88 (1.16%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows GSHD’s price action over the past 90 days.

GSHD

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GSHD: Daily RSI Analysis

  • GSHD’s RSI now stands at 21.3152.
  • GSHD and RSI may be exhibiting divergent trends. This may be something to monitor.

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