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Volatile ride for Global Blue Group Holding AG stock price on Thursday moving between $6.81 and $7.56

StockInvest.us, 6 months ago

Global Blue Group Holding AG

The Global Blue Group Holding AG stock price fell by -9.20% on the last day (Thursday, 13th Jan 2022) from $7.50 to $6.81. During the day the stock fluctuated 11.01% from a day low at $6.81 to a day high of $7.56. The price has been going up and down for this period, and there has been a 7.08% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -522 shares and in total, 30 shares were bought and sold for approximately $204.30 .

The stock lies in the middle of a very 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 -22.56% during the next 3 months and, with a 90% probability hold a price between $4.44 and $6.04 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Global Blue Group Holding AG

There are mixed signals in the stock today. The Global Blue Group Holding AG stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.93 and $7.21. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, December 20, 2021, and so far it has risen 7.24%. 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).

Global Blue Group Holding AG finds support from accumulated volume at $6.79 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.75 between high and low, or 11.01%. For the last week the stock has had a daily average volatility of 6.55%.

Global Blue Group Holding AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Check full Global Blue Group Holding AG forecast and analysis here.