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Gores Guggenheim, Inc. Stock Forecast NASDAQ:GGPI

$14.11 (4.21%)

Volume: 9M

Closed: Nov 29, 2021

Hollow Logo Score: 1.682

Gores Guggenheim, Inc. Stock Forecast

$14.11 (4.21%)

Volume: 9M

Closed: Nov 29, 2021

Score Hollow Logo 1.682
Which way will GGPI go? Request
Mon, Nov 29, 2021 Buy Candidate Upgraded

GGPI Stock Risk

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.94 between high and low, or 6.95%. For the last week, the stock has had a daily average volatility of 7.59%.

Our recommended stop-loss: $13.32 (-5.63%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 64 and the stock is currently not being overbought or oversold

Gores Guggenheim, Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-10-19 Gain 40.68%

The Gores Guggenheim, Inc. stock price gained 4.21% on the last trading day (Monday, 29th Nov 2021), rising from $13.54 to $14.11. During the day the stock fluctuated 6.95% from a day low at $13.52 to a day high of $14.46. The price has risen in 6 of the last 10 days and is up by 10.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately $124.16 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 31.81% during the next 3 months and, with a 90% probability hold a price between $15.02 and $20.85 at the end of this 3-month period.

Signals & Forecast

The Gores Guggenheim, 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 $13.74 and $11.57. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, November 16, 2021, and so far it has fallen -7.96%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, September 01, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, September 01, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

Gores Guggenheim, Inc. finds support from accumulated volume at $13.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.94 between high and low, or 6.95%. For the last week, the stock has had a daily average volatility of 7.59%.

Our recommended stop-loss: $13.32 (-5.63%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)

Is Gores Guggenheim, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gores Guggenheim, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.682

Predicted Opening Price for Gores Guggenheim, Inc. of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$14.03 $14.11 (Overvalued)
Buy Candidate Upgraded

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Volatility and Risk
Daily Average Volatility: 7.59 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.59 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $14.55
Price: $14.11
Support: $13.94

GGPI Insider Trading Show all Trades

INSIDER POWER

0

Last 3 transactions
Buy: 0 | Sell: 3 125 000 (Shares)
Date Action Amount Person Type
May 06, 2021 Sell 781 250 Gg Sponsor, Llc Class F Common Stock, par value $0.0001 per share
May 06, 2021 Sell 781 250 Ggp Sponsor Holdings, Llc Class F Common Stock, par value $0.0001 per share
May 06, 2021 Sell 1 562 500 Gores Guggenheim Sponsor Llc Class F Common Stock, par value $0.0001 per share
Show all Insider Trades
INSIDER POWER

0

Last 3 transactions
Buy: 0 | Sell: 3 125 000 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 14.97 6.09 %
14.61 3.55 %
14.39 1.98 %
Current price: 14.11
Support 13.67 -3.11 %
13.45 -4.68 %
13.09 -7.23 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 15.33 8.65 %
14.78 4.75 %
14.55 3.12 %
Current price 14.11
Support 13.94 -1.20%
13.39 -5.10%
12.81 -9.21%

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Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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