Getty Images Holdings, Inc. Stock Forecast
Getty Images Holdings, Inc. stock price up 1.34% on Thursday
(Updated on May 02, 2024)
The Getty Images Holdings, Inc. stock price gained 1.34% on the last trading day (Thursday, 2nd May 2024), rising from $3.74 to $3.79. During the last trading day the stock fluctuated 3.95% from a day low at $3.68 to a day high of $3.82. The price has risen in 7 of the last 10 days but is still down by -0.79% for this period. Volume fell on the last day by -25 thousand shares and in total, 278 thousand shares were bought and sold for approximately $1.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.65 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.90% during the next 3 months and, with a 90% probability hold a price between $3.07 and $4.25 at the end of this 3-month period.
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GETY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.99%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Getty Images Holdings, Inc. 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 $3.85 and $4.13. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Getty Images Holdings, Inc. stock
Getty Images Holdings, Inc. finds support from accumulated volume at $3.77 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 $0.145 between high and low, or 3.95%. For the last week the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: $3.62 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (GETY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Getty Images Holdings, Inc. to open at $3.76, and during the day (based on 14 day Average True Range), to move between $3.61 and $3.97, which gives a possible trading interval of +/-$0.182 (+/-4.80%) up or down from last closing price. If Getty Images Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 9.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.77 (0.53%) than the resistance at $4.10 (8.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Getty Images Holdings, Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0100. We will update the financials statements for Getty Images Holdings, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.24% in the first trading day after earnings release.
Is Getty Images Holdings, Inc. stock A Buy?
Getty Images Holdings, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.740 Hold/Accumulate Unchanged
Predicted Opening Price for Getty Images Holdings, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $3.76 ( 0.748%) | $3.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GETY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.91 | 3.08 % | |
| R2 | 3.85 | 1.62 % | ||
| R1 | 3.82 | 0.714 % | ||
| Current price: | 3.79 | |||
| Support | S1 | 3.71 | -2.21 % | |
| S2 | 3.67 | -3.11 % | ||
| S3 | 3.62 | -4.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.73 | 24.80 % | |
| R2 | 4.26 | 12.40 % | ||
| R1 | 4.10 | 8.18 % | ||
| Current price | 3.79 | |||
| Support | S1 | 3.77 | -0.528% | |
| S2 | 3.74 | -1.32% | ||
| S3 | 3.68 | -2.90% |
FAQ
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