GeneDx Holdings Corp. Stock Forecast

Big movements in GeneDx Holdings Corp. stock price on Tuesday moving 31.22% between high and low
(Updated on Apr 30, 2024)

WGS Signals & Forecast

The GeneDx Holdings Corp. 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 $12.08 and $10.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 102.73%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for GeneDx Holdings Corp. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $4.34 between high and low, or 31.22%. For the last week, the stock has had daily average volatility of 12.02%.

Our recommended stop-loss: $16.46 (-3.56%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (WGS) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect GeneDx Holdings Corp. to open at $16.40, and during the day (based on 14 day Average True Range), to move between $15.64 and $18.50, which gives a possible trading interval of +/-$1.43 (+/-8.41%) up or down from last closing price. If GeneDx Holdings Corp. takes out the full calculated possible swing range there will be an estimated 16.81% move between the lowest and the highest trading price during the day.

Is GeneDx Holdings Corp. stock A Buy?

GeneDx Holdings Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for GeneDx Holdings Corp. of Wednesday, May 1, 2024

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