GTY Technology Holdings Inc. Warrants Stock Forecast

Volatile ride for GTY Technology Holdings Inc. Warrants stock price on Thursday moving between $0.700 and $0.790
(Updated on Feb 06, 2020)

GTYHW Signals & Forecast

The GTY Technology Holdings Inc. Warrants 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 $0.707 and $0.530. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, December 03, 2019, and so far it has risen 122.86%. 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). GTY Technology Holdings Inc. Warrants has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for GTY Technology Holdings Inc. Warrants stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.650 and $0.640. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GTY Technology Holdings Inc. Warrants finds support just below today's level at $0.650. If this is broken, then the next support from accumulated volume will be at $0.640 and $0.620.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0900 between high and low, or 12.86%. For the last week the stock has had daily average volatility of 7.24%.

The GTY Technology Holdings Inc. Warrants stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $0.754 (-3.28%) (This stock has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (GTYHW) For The Upcoming Trading Day Of Friday 7th

For the upcoming trading day on Friday, 7th we expect GTY Technology Holdings Inc. Warrants to open at $0.757, and during the day (based on 14 day Average True Range), to move between $0.731 and $0.83, which gives a possible trading interval of +/-$0.0487 (+/-6.24%) up or down from last closing price. If GTY Technology Holdings Inc. Warrants takes out the full calculated possible swing range there will be an estimated 12.48% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.650, some $0.130 (16.67%) from the current price of $0.780, our system finds the risk reward attractive.

Is GTY Technology Holdings Inc. Warrants stock A Buy?

GTY Technology Holdings Inc. Warrants 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 GTY Technology Holdings Inc. Warrants of Friday, February 7, 2020

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