Global Business Travel Group, Inc. Stock Forecast
Red day on Wednesday for Global Business Travel Group, Inc. stock after losing 0.503%
(Updated on May 08, 2024)
The Global Business Travel Group, Inc. stock price fell by -0.503% on the last day (Wednesday, 8th May 2024) from $5.96 to $5.93. During the last trading day the stock fluctuated 2.39% from a day low at $5.87 to a day high of $6.01. The price has risen in 6 of the last 10 days but is still down by -1.17% for this period. 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 -273 thousand shares and in total, 433 thousand shares were bought and sold for approximately $2.57 million.
The stock lies in the middle of a wide and weak 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 3.74% during the next 3 months and, with a 90% probability hold a price between $5.86 and $6.47 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GBTG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Global Business Travel Group, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $6.08 and $5.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -4.82%. Further fall is indicated until a new bottom pivot has been found. 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 Global Business Travel Group, Inc. stock
Global Business Travel Group, Inc. finds support from accumulated volume at $5.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.140 between high and low, or 2.39%. For the last week the stock has had daily average volatility of 3.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GBTG) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Global Business Travel Group, Inc. to open at $5.94, and during the day (based on 14 day Average True Range), to move between $5.75 and $6.11, which gives a possible trading interval of +/-$0.181 (+/-3.04%) up or down from last closing price. If Global Business Travel Group, Inc. takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.91 (0.34%) than the resistance at $6.00 (1.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Global Business Travel Group, Inc. stock A Buy?
The Global Business Travel Group, Inc. stock holds several negative signals and despite the positive trend, we believe Global Business Travel Group, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.235 Sell Candidate Unchanged
Predicted Opening Price for Global Business Travel Group, Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $5.94 ( 0.112%) | $5.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBTG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.08 | 2.47 % | |
| R2 | 6.02 | 1.57 % | ||
| R1 | 5.99 | 1.01 % | ||
| Current price: | 5.93 | |||
| Support | S1 | 5.88 | -0.789 % | |
| S2 | 5.85 | -1.35 % | ||
| S3 | 5.80 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.11 | 3.04 % | |
| R2 | 6.05 | 2.02 % | ||
| R1 | 6.00 | 1.18 % | ||
| Current price | 5.93 | |||
| Support | S1 | 5.91 | -0.337% | |
| S2 | 5.64 | -4.89% | ||
| S3 | 5.62 | -5.23% |
FAQ
Click here for our free guide on how to buy Global Business Travel Group, Inc. Stock.
