GDS Holdings Ltd Stock Forecast
Red day on Thursday for GDS Holdings Ltd
(Updated on Apr 25, 2024)
The GDS Holdings Ltd stock price fell by -0.83% on the last day (Thursday, 25th Apr 2024) from $7.26 to $7.20. During the last trading day the stock fluctuated 2.85% from a day low at $7.02 to a day high of $7.22. The price has risen in 7 of the last 10 days and is up by 6.82% over the past 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 -559 thousand shares and in total, 887 thousand shares were bought and sold for approximately $6.38 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 15.57% during the next 3 months and, with a 90% probability hold a price between $7.11 and $10.38 at the end of this 3-month period.
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GDS Signals & Forecast
The GDS Holdings Ltd 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 $6.69 and $7.12. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -15.59%. 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 GDS Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.77 and $6.15. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GDS Holdings Ltd finds support just below today's level at $6.77. If this is broken, then the next support from accumulated volume will be at $6.15 and $5.98.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.200 between high and low, or 2.85%. For the last week, the stock has had daily average volatility of 3.66%.
Our recommended stop-loss: $6.84 (-4.96%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (GDS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect GDS Holdings Ltd to open at $7.15, and during the day (based on 14 day Average True Range), to move between $6.74 and $7.66, which gives a possible trading interval of +/-$0.461 (+/-6.40%) up or down from last closing price. If GDS Holdings Ltd takes out the full calculated possible swing range there will be an estimated 12.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.77 (5.97%) than the resistance at $7.82 (8.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GDS Holdings Ltd stock A Buy?
GDS Holdings Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.002 Hold/Accumulate Unchanged
Predicted Opening Price for GDS Holdings Ltd of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$7.15 ( 0.741%) | $7.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.35 | 2.04 % | |
R2 | 7.27 | 0.98 % | ||
R1 | 7.22 | 0.320 % | ||
Current price: | 7.20 | |||
Support | S1 | 7.07 | -1.80 % | |
S2 | 7.02 | -2.46 % | ||
S3 | 6.95 | -3.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.41 | 16.81 % | |
R2 | 8.37 | 16.25 % | ||
R1 | 7.82 | 8.61 % | ||
Current price | 7.20 | |||
Support | S1 | 6.77 | -5.97% | |
S2 | 6.15 | -14.58% | ||
S3 | 5.98 | -16.94% |
FAQ
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