GoDaddy Inc Stock Forecast

GoDaddy Inc stock price ended at $121.42 on Monday, after losing 1.52%.
(Updated on Apr 15, 2024)

GDDY Signals & Forecast

The GoDaddy Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $125.03. On a fall, the stock will find some support from the long-term average at approximately $118.81. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -4.24%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for GoDaddy Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $113.03 and $111.57. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GoDaddy Inc finds support just below today's level at $113.03. If this is broken, then the next support from accumulated volume will be at $111.57 and $109.50.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.87 (3.19%) between high and low. For the last week, the stock has had daily average volatility of 2.30%.

Our recommended stop-loss: $115.04 (-5.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (GDDY) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect GoDaddy Inc to open at $122.54, and during the day (based on 14 day Average True Range), to move between $118.88 and $123.96, which gives a possible trading interval of +/-$2.54 (+/-2.10%) up or down from last closing price. If GoDaddy Inc takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $122.23 (0.67%) than the support at $113.03 (6.91%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is GoDaddy Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GoDaddy Inc stock to perform well in the short-term.

Current score: 1.990 Buy Candidate Unchanged

Predicted Opening Price for GoDaddy Inc of Tuesday, April 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.