Fundamental Analysis – Canada Goose (GOOS.TO)
Canada Goose is trading around $15.56, near its multi-year lows, and investors are starting to wonder if the stock might finally be due for a turnaround. The company has struggled recently with slower sales growth as consumers pull back on luxury spending, but it still holds strong brand recognition worldwide and continues expanding its direct-to-consumer business. Margins have been under pressure, yet the balance sheet remains healthy and the upcoming winter season could help boost sales, especially in key markets like North America and China. At this price, a lot of the negativity seems already priced in. If earnings show any signs of stabilization or improvement, there could be solid upside potential from here.
Technical Analysis – Larry Connors RSI2 Strategy
From a technical point of view, GOOS looks interesting right now. The RSI(2) is at 4.12, signaling that the stock is deeply oversold in the short term. Meanwhile, the price is holding above the 50 EMA, which means the broader trend is still positive. According to Larry Connors’ RSI2 strategy, this setup often leads to a quick bounce. If momentum kicks in over the next few days, we could see a short-term recovery. A stop just below the 50 EMA would keep risk controlled in case the setup fails.
Canada Goose is trading around $15.56, near its multi-year lows, and investors are starting to wonder if the stock might finally be due for a turnaround. The company has struggled recently with slower sales growth as consumers pull back on luxury spending, but it still holds strong brand recognition worldwide and continues expanding its direct-to-consumer business. Margins have been under pressure, yet the balance sheet remains healthy and the upcoming winter season could help boost sales, especially in key markets like North America and China. At this price, a lot of the negativity seems already priced in. If earnings show any signs of stabilization or improvement, there could be solid upside potential from here.
Technical Analysis – Larry Connors RSI2 Strategy
From a technical point of view, GOOS looks interesting right now. The RSI(2) is at 4.12, signaling that the stock is deeply oversold in the short term. Meanwhile, the price is holding above the 50 EMA, which means the broader trend is still positive. According to Larry Connors’ RSI2 strategy, this setup often leads to a quick bounce. If momentum kicks in over the next few days, we could see a short-term recovery. A stop just below the 50 EMA would keep risk controlled in case the setup fails.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.