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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GWRE
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Guidewire Software Inc stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)

Buy candidate since Apr 23, 2024 PDF

The Guidewire Software Inc stock price gained 3.63% on the last trading day (Tuesday, 23rd Apr 2024), rising from $109.79 to $113.78. During the last trading day the stock fluctuated 3.44% from a day low at $110.41 to a day high of $114.21. The price has fallen in 6 of the last 10 days and is down by -1.39% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 78 thousand more shares were traded than the day before. In total, 435 thousand shares were bought and sold for approximately $49.54 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 -3.43% during the next 3 months and, with a 90% probability hold a price between $103.82 and $114.33 at the end of this 3-month period.

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GWRE Signals & Forecast

The Guidewire Software Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $109.44 and $113.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.70%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Guidewire Software Inc stock

Guidewire Software Inc finds support from accumulated volume at $113.54 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 $3.80 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 2.15%.

Our recommended stop-loss: $109.14 (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (GWRE) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Guidewire Software Inc to open at $112.80, and during the day (based on 14 day Average True Range), to move between $111.47 and $116.09, which gives a possible trading interval of +/-$2.31 (+/-2.03%) up or down from last closing price. If Guidewire Software Inc takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $113.54 (0.21%) than the resistance at $116.73 (2.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Guidewire Software Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.355 Buy Candidate Upgraded

Predicted Opening Price for Guidewire Software Inc of Wednesday, April 24, 2024

Fair opening price April 24, 2024 Current price
$112.80 ( 0.86%) $113.78

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

Trading levels for GWRE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 116.60 2.48 %
R2 115.15 1.20 %
R1 114.25 0.414 %
Current price: 113.78
Support S1 111.35 -2.14 %
S2 110.45 -2.93 %
S3 109.00 -4.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 119.34 4.89 %
R2 117.65 3.40 %
R1 116.73 2.59 %
Current price 113.78
Support S1 113.54 -0.211%
S2 112.67 -0.98%
S3 112.18 -1.41%

FAQ

What is the symbol for Guidewire Software Inc Stock and on which exchange is it traded?
The symbol for Guidewire Software Inc is GWRE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Guidewire Software Inc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Guidewire Software Inc Stock?
Guidewire Software 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 Guidewire Software Inc Stock.

What's the current price of Guidewire Software Inc Stock?
As of the end of day on the Apr 23, 2024, the price of an Guidewire Software Inc (GWRE) share was $113.78.

What is the 52-week high and low for Guidewire Software Inc Stock?
The 52-week high for Guidewire Software Inc Stock is $122.34 and the 52-week low is $68.45.

What is the market capitalization of Guidewire Software Inc Stock?
As of the Apr 23, 2024, the market capitalization of Guidewire Software Inc is 9.148B.

When is the next earnings date for Guidewire Software Inc?
The upcoming earnings date for Guidewire Software Inc is Jun 06, 2024.
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About Guidewire Software Inc

Guidewire Software Guidewire Software, Inc. provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed. In addition, the company offers Guidewi... GWRE Profile

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