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AI Analysis of GSHD
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Red day on Thursday for Goosehead Insurance Inc. Class A stock after losing 0.461%
(Updated on Feb 29, 2024)

Sell candidate since Feb 22, 2024 Gain 5.55% PDF
The Goosehead Insurance Inc. Class A stock price fell by -0.461% on the last day (Thursday, 29th Feb 2024) from $76.00 to $75.65. During the last trading day the stock fluctuated 4.86% from a day low at $74.15 to a day high of $77.75. The price has fallen in 6 of the last 10 days and is down by -15.77% for this period. Volume has increased on the last day by 110 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 447 thousand shares were bought and sold for approximately $33.81 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $72.46 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.58% during the next 3 months and, with a 90% probability hold a price between $80.85 and $103.83 at the end of this 3-month period.

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GSHD Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 5.55%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Goosehead Insurance Inc. Class A 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 $76.45 and $78.96. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Goosehead Insurance Inc. Class A stock

Goosehead Insurance Inc. Class A finds support from accumulated volume at $75.54 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 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 $3.60 between high and low, or 4.86%. For the last week, the stock has had daily average volatility of 5.29%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GSHD) For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday, 1st we expect Goosehead Insurance Inc. Class A to open at $75.85, and during the day (based on 14 day Average True Range), to move between $71.42 and $79.88, which gives a possible trading interval of +/-$4.23 (+/-5.59%) up or down from last closing price. If Goosehead Insurance Inc. Class A takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $75.54 (0.15%) than the resistance at $76.00 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Goosehead Insurance Inc. Class A stock A Buy?

The Goosehead Insurance Inc. Class A stock holds several negative signals and despite the positive trend, we believe Goosehead Insurance Inc. Class A will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.201 Sell Candidate Unchanged

Predicted Opening Price for Goosehead Insurance Inc. Class A of Friday, March 1, 2024

Fair opening price March 1, 2024 Current price
$75.85 ( 0.264%) $75.65

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 79.45 5.02 %
R2 78.07 3.21 %
R1 77.23 2.08 %
Current price: 75.65
Support S1 74.47 -1.55 %
S2 73.63 -2.68 %
S3 72.25 -4.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 78.60 3.90 %
R2 78.13 3.28 %
R1 76.00 0.463 %
Current price 75.65
Support S1 75.54 -0.145%
S2 72.99 -3.52%
S3 71.67 -5.26%

FAQ

What is the symbol for Goosehead Insurance Inc. Class A Stock and on which exchange is it traded?
The symbol for Goosehead Insurance Inc. Class A is GSHD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Goosehead Insurance Inc. Class A Stock?
The Goosehead Insurance Inc. Class A stock holds several negative signals and despite the positive trend, we believe Goosehead Insurance Inc. Class A will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Goosehead Insurance Inc. Class A Stock?
Goosehead Insurance Inc. Class A Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Goosehead Insurance Inc. Class A Stock.

What's the current price of Goosehead Insurance Inc. Class A Stock?
As of the end of day on the 2024-02-29, the price of an Goosehead Insurance Inc. Class A (GSHD) share was $75.65.

What is the 52-week high and low for Goosehead Insurance Inc. Class A Stock?
The 52-week high for Goosehead Insurance Inc. Class A Stock is $92.76 and the 52-week low is $46.30.

What is the market capitalization of Goosehead Insurance Inc. Class A Stock?
As of the 2024-02-29, the market capitalization of Goosehead Insurance Inc. Class A is 2.871B.

When is the next earnings date for Goosehead Insurance Inc. Class A?
The upcoming earnings date for Goosehead Insurance Inc. Class A is Apr 24, 2024.

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About Goosehead Insurance Inc. Class A

Goosehead Insurance. Class A Goosehead Insurance, Inc. operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insuran... GSHD Profile

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