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Gores Guggenheim, Inc. stock price ended on $13.94 on Monday after gaining 1.31%

StockInvest.us, 1 week ago

StockInvest.us

The Gores Guggenheim, Inc. stock price gained 1.31% on the last trading day (Monday, 22nd Nov 2021), rising from $13.76 to $13.94. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 9.08% from a day low at $13.66 to a day high of $14.90. The price has risen in 6 of the last 10 days and is up by 23.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 429 thousand more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately $197.88 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 24.24% during the next 3 months and, with a 90% probability hold a price between $13.73 and $19.28 at the end of this 3-month period.

Gores Guggenheim, Inc.

The Gores Guggenheim, 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 $14.08. On a fall, the stock will find some support from the long-term average at approximately $11.16. 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. 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. A sell signal was issued from a pivot top point on Tuesday, November 16, 2021, and so far it has fallen -9.07%. Further fall is indicated until a new bottom pivot has been found.

Gores Guggenheim, Inc. finds support from accumulated volume at $13.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.24 between high and low, or 9.08%. For the last week, the stock has had a daily average volatility of 9.87%.

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 Gores Guggenheim, Inc. stock to perform well in the short-term.

Check full Gores Guggenheim, Inc. forecast and analysis here.