RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GOGO
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Stronger technical forecast for Gogo Inc. stock price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Gogo Inc. stock price gained 1.27% on the last trading day (Thursday, 28th Mar 2024), rising from $8.67 to $8.78. During the last trading day the stock fluctuated 3.22% from a day low at $8.70 to a day high of $8.98. The price has fallen in 6 of the last 10 days and is down by -2.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 100 thousand more shares were traded than the day before. In total, 963 thousand shares were bought and sold for approximately $8.46 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.89% during the next 3 months and, with a 90% probability hold a price between $7.26 and $8.95 at the end of this 3-month period.

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GOGO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 8.53%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gogo Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.92. On a fall, the stock will find some support from the short-term average at $8.54. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Gogo Inc. stock

Gogo Inc. finds support from accumulated volume at $8.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.280 between high and low, or 3.22%. For the last week, the stock has had daily average volatility of 2.92%.

Our recommended stop-loss: $8.43 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (GOGO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Gogo Inc. to open at $8.82, and during the day (based on 14 day Average True Range), to move between $8.40 and $9.16, which gives a possible trading interval of +/-$0.379 (+/-4.31%) up or down from last closing price. If Gogo Inc. takes out the full calculated possible swing range there will be an estimated 8.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.79 (0.11%) than the support at $8.67 (1.25%), 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 Gogo Inc. stock A Buy?

Gogo Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.755 Hold/Accumulate Upgraded

Predicted Opening Price for Gogo Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.82 ( 0.456%) $8.78

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

Trading levels for GOGO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.10 3.64 %
R2 8.99 2.43 %
R1 8.93 1.67 %
Current price: 8.78
Support S1 8.71 -0.763 %
S2 8.65 -1.52 %
S3 8.54 -2.73 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.33 6.26 %
R2 8.86 0.91 %
R1 8.79 0.114 %
Current price 8.78
Support S1 8.67 -1.25%
S2 8.50 -3.19%
S3 8.30 -5.47%

FAQ

What is the symbol for Gogo Inc. Stock and on which exchange is it traded?
The symbol for Gogo Inc. is GOGO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Gogo Inc. Stock?
Gogo Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Gogo Inc. Stock?
Gogo Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gogo Inc. Stock.

What's the current price of Gogo Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Gogo Inc. (GOGO) share was $8.78.

What is the 52-week high and low for Gogo Inc. Stock?
The 52-week high for Gogo Inc. Stock is $17.94 and the 52-week low is $7.76.

What is the market capitalization of Gogo Inc. Stock?
As of the 2024-03-28, the market capitalization of Gogo Inc. is 1.124B.

When is the next earnings date for Gogo Inc.?
The upcoming earnings date for Gogo Inc. is May 01, 2024.
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About Gogo Inc.

Gogo. Gogo Inc., through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA) segments. The company design, build and operate air-to-ground networks, engineer and maintain in-flight systems of proprietary hardware and software, and deliver customiza... GOGO Profile

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