$34.29 (3.88%)

Volume: 3.35M

Closed: Mar 31, 2023

Hollow Logo Score: -4.310
GitLab Inc. Stock
$34.29 (3.88%)

Volume: 3.35M

Closed: Mar 31, 2023

Score Hollow Logo -4.310
NASDAQ:GTLB

GitLab Inc. Stock Forecast

Updated Fri, Mar 31, 2023
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.


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GitLab Inc. stock upgraded to Sell Candidate.
(Updated on Mar 31, 2023)


Sell candidate since 2023-03-09 Loss -27.61% PDF

The GitLab Inc. stock price gained 3.88% on the last trading day (Friday, 31st Mar 2023), rising from $33.01 to $34.29. During the last trading day the stock fluctuated 8.72% from a day low at $32.46 to a day high of $35.29. The price has fallen in 6 of the last 10 days and is down by -7.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $114.87 million.

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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 $32.85 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.94% during the next 3 months and, with a 90% probability hold a price between $27.61 and $43.79 at the end of this 3-month period.

GTLB Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 30, 2023, and so far it has risen 3.88%. Further rise is indicated until a new top pivot has been found. 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. The GitLab Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $41.72. On a fall, the stock will find some support from the short-term average at $34.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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Support, Risk & Stop-loss for GitLab Inc. stock

GitLab Inc. finds support from accumulated volume at $33.96 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 $2.83 between high and low, or 8.72%. For the last week, the stock has had daily average volatility of 5.18%.

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

Trading Expectations (GTLB) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect GitLab Inc. to open at $34.01, and during the day (based on 14 day Average True Range), to move between $31.32 and $37.26, which gives a possible trading interval of +/-$2.97 (+/-8.65%) up or down from last closing price. If GitLab Inc. takes out the full calculated possible swing range there will be an estimated 17.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $33.96 (0.96%) than the resistance at $35.22 (2.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GitLab Inc. stock A Buy?

GitLab 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.310 Open Broker Account

Sell Candidate Upgraded

Predicted Opening Price for GitLab Inc. of Monday, April 3, 2023

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

Fair opening price April 3, 2023 Current price
$34.01 $34.29 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 36.84 7.45 %
R2 35.76 4.29 %
R1 35.09 2.35 %
Current price: 34.29
Support S1 32.93 -3.96 %
S2 32.26 -5.91 %
S3 31.18 -9.06 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 42.31 23.37 %
R2 36.92 7.67 %
R1 35.22 2.71 %
Current price 34.29
Support S1 33.96 -0.96%
S2 33.74 -1.60%
S3 33.45 -2.45%

FAQ

What is the symbol for GitLab Inc. Stock and on which exchange is it traded?
The symbol for GitLab Inc. is GTLB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell GitLab Inc. Stock?
GitLab 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

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

What's the current price of GitLab Inc. Stock?
As of the end of day on the 2023-03-31, the price of an GitLab Inc. (GTLB) share was $34.29.

What is the 52-week high and low for GitLab Inc. Stock?
The 52-week high for GitLab Inc. Stock is $70.96 and the 52-week low is $30.92.

What is the market capitalization of GitLab Inc. Stock?
As of the 2023-03-31, the market capitalization of GitLab Inc. is 7.754B.

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About GitLab Inc.

GitLab GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. The company offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. It helps organizations to plan, build, secure, and deploy software to drive business outcomes. The compa... GTLB Profile

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