Global Business Travel Group, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Global Business Travel Group, Inc. stock after losing 0.661%
(Updated on May 17, 2024)
The Global Business Travel Group, Inc. stock price fell by -0.661% on the last day (Friday, 17th May 2024) from $6.05 to $6.01. During the last trading day the stock fluctuated 1.67% from a day low at $5.99 to a day high of $6.09. The price has fallen in 6 of the last 10 days and is down by -2.59% 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 -32 thousand shares and in total, 351 thousand shares were bought and sold for approximately $2.11 million.
The stock lies in the middle of a 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 5.74% during the next 3 months and, with a 90% probability hold a price between $6.09 and $6.64 at the end of this 3-month period.
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GBTG Signals & Forecast
The Global Business Travel Group, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.00 and $6.00. A breakdown below any of these levels will issue sell signals. 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 Monday, May 06, 2024, and so far it has fallen -3.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $6.00 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 $0.1000 between high and low, or 1.67%. For the last week the stock has had daily average volatility of 2.32%.
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 Monday 20th
For the upcoming trading day on Monday, 20th we expect Global Business Travel Group, Inc. to open at $6.03, and during the day (based on 14 day Average True Range), to move between $5.82 and $6.20, which gives a possible trading interval of +/-$0.192 (+/-3.19%) 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 6.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.02 (0.17%) than the support at $6.00 (0.17%), 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 Global Business Travel Group, Inc. stock A Buy?
Global Business Travel Group, Inc. 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.
Current score: -2.235 Sell Candidate Unchanged
Predicted Opening Price for Global Business Travel Group, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $6.03 ( 0.333%) | $6.01 |
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 | 6.13 | 2.00 % | |
| R2 | 6.09 | 1.36 % | ||
| R1 | 6.07 | 0.97 % | ||
| Current price: | 6.01 | |||
| Support | S1 | 5.99 | -0.303 % | |
| S2 | 5.97 | -0.696 % | ||
| S3 | 5.93 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.11 | 1.66 % | |
| R2 | 6.05 | 0.666 % | ||
| R1 | 6.02 | 0.166 % | ||
| Current price | 6.01 | |||
| Support | S1 | 6.00 | -0.166% | |
| S2 | 5.96 | -0.83% | ||
| S3 | 5.62 | -6.49% |
FAQ
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