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.
AI Analysis of GTLB
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GitLab Inc. stock price ended at $58.32 on Thursday, after losing 0.732%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Loss -0.68% PDF

The GitLab Inc. stock price fell by -0.732% on the last day (Thursday, 28th Mar 2024) from $58.75 to $58.32. During the last trading day the stock fluctuated 1.86% from a day low at $58.17 to a day high of $59.25. The price has risen in 6 of the last 10 days and is up by 6.48% over the past 2 weeks. Volume has increased on the last day by 36 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, 2 million shares were bought and sold for approximately $114.80 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.67% during the next 3 months and, with a 90% probability hold a price between $48.49 and $68.57 at the end of this 3-month period.

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GTLB Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 9.17%. 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 GitLab 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 $58.68 and $64.84. A break-up above any of these levels will issue buy signals. 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 GitLab Inc. stock

GitLab Inc. finds support from accumulated volume at $57.70 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 $1.08 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 2.38%.

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 1st

For the upcoming trading day on Monday, 1st we expect GitLab Inc. to open at $58.58, and during the day (based on 14 day Average True Range), to move between $55.74 and $60.90, which gives a possible trading interval of +/-$2.58 (+/-4.42%) up or down from last closing price. If GitLab Inc. takes out the full calculated possible swing range there will be an estimated 8.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $58.84 (0.89%) than the support at $57.70 (1.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is GitLab Inc. stock A Buy?

GitLab Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.395 Sell Candidate Unchanged

Predicted Opening Price for GitLab Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$58.58 ( 0.446%) $58.32

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

Trading levels for GTLB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 59.66 2.30 %
R2 59.25 1.59 %
R1 58.99 1.15 %
Current price: 58.32
Support S1 58.17 -0.262 %
S2 57.91 -0.699 %
S3 57.50 -1.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 61.42 5.32 %
R2 59.08 1.30 %
R1 58.84 0.89 %
Current price 58.32
Support S1 57.70 -1.06%
S2 57.24 -1.85%
S3 53.42 -8.40%

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 is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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 2024-03-28, the price of an GitLab Inc. (GTLB) share was $58.32.

What is the 52-week high and low for GitLab Inc. Stock?
The 52-week high for GitLab Inc. Stock is $78.53 and the 52-week low is $26.24.

What is the market capitalization of GitLab Inc. Stock?
As of the 2024-03-28, the market capitalization of GitLab Inc. is 9.027B.
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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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