Gogo Inc. | GOGO

Daily Technical Analysis of Gogo Inc.

There wasn't too much excitement in Gogo today which only managed to move up 0.36% on the day. GOGO is near a weak support line. We'll see if it bounces off or heads lower. The Communication Services company has been chopping around the last few months without a clear directional momentum. So it may move up from this point, but hard to say.

If we get a reversal off of support and Gogo starts moving up, it can probably get to $16.53 at which point it'll need to break through that resistance level in order to keep moving higher. If it punches through this support level, it can easily push down to $12.9 where it may meet further support, hopefully it can consolidate around that point.

Analyst Ratings for Gogo By Price Target And Rating

The analysts feel fairly neutral on the prospects for Gogo but a little more positive than negative. The current Analysts Sentiment Score is 16.06. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2022-11-01 Morgan Stanley upgraded Gogo from Underweight to Equal Weight and moved up their price target to $15.00 which is a 7.14% increase. Cowen gave a boost to their price target and increased it to 26.00 on 2022-08-15. JPMorgan Chase & Co. provided a price target boost of 12.5% to $18.00 from $16.00 on 2022-03-07. Roth Capital decided to move up their price target on 2022-03-03 to $21.00 which is a 2.44% increase. William Blair upgraded from Market Perform to Outperform on 2021-04-04. Northland Securities reiterated a rating of Hold on 2020-08-10 and added a price target of $4.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
GOGO	16.06	20.32	0	11.8	0

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-11-28)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
GOGO	-26.77	1.05

Short interest for Gogo

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
GOGO	26.6	%19.2	13.8	100	10890000

How Gogo compares to the broader Communication Services sector and the more specific Communication Services industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Communication Services Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	53	0.48	2.31	-5.07	-0.35	8.14	-23.15	53.11	-8.40	-14.39	-20.09	-13899.40	-3749.84	1.89	14.15	4.31	-0.82
Communication Services Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	54	0.50	2.35	-4.94	-0.22	7.93	-23.49	53.04	-8.46	-14.99	-20.43	-14084.56	-3711.65	1.85	13.89	4.32	0.35

Social Sentiment for Gogo

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
GOGO	3.00

Companies with the highest correlation to Gogo

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
CGC \| Canopy Growth Corporation	0.52	-3.56	-7.37	-22.81	-29.88	-36.69	-77.89	30	-66.49	-61.81	-88.11	-75549.66	0.00	0	9.25323
CZR \| Caesars Entertainment, In	0.5	3.15	9.93	-14.37	2.69	43.77	-39.88	53	-9.03	-3.23	0.28	-3040.93	-4146.75	0	4.64658
MGM \| MGM RESORTS INTERNATIONAL	0.49	0.49	5.33	-5.69	21.83	44.38	0.32	56	24.13	41.02	41.63	-1436.89	-15654.83	0	2.68813
UNFI \| United Natural Foods Inc	0.46	-1.36	10.65	-40.51	-33.40	-24.39	-39.85	57	-42.99	-33.41	-35.60	-18301.68	-1400.00	0	3.41373
EVRI \| Everi Holdings Inc	0.45	-0.12	2.46	-11.34	16.01	4.69	-21.58	47	-6.55	-4.00	3.85	-8886.85	-2008.69	0	3.05823
CNK \| Cinemark Holdings, Inc.	0.45	0.70	7.04	4.47	63.80	14.46	-17.58	81	7.19	7.82	10.88	-6407.74	-5139.59	0	14.3747
KODK \| EASTMAN KODAK COMPANY	0.45	3.89	5.48	8.53	25.68	-10.50	-39.28	69	-8.33	-12.10	-22.92	-10712.10	-2784.66	100	7.91622

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