Buy GoDaddy | NYSE GDDY | Naranj Capital

 BUY   GoDaddy (NYSE: GDDY)

GoDaddy (NYSE: GDDY) STOCK RECOMMENDATION

Idea BUY
Buy Range 124 – 127
Target 133 – 136
StopLoss* below 118
Duration 12-14 Trading Days
Potential Returns 5 – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 124 – 127 133 – 136 below 118 12-14 Trading Days 5 – 7%

* Once the first target hit, reset the StopLoss at your buying price.

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GoDaddy (NYSE: GDDY) STOCK OVERVIEW

GoDaddy is a well-known American publicly traded Internet domain registrar and web hosting company. It was founded in 1997 by Bob Parsons and has since grown to become one of the largest domain registrars in the world, managing millions of domain names. The company is headquartered in Scottsdale, Arizona. Initially known primarily for its domain registration services, GoDaddy has expanded its offerings over the years to include website hosting, website building tools, email hosting, security services, and online marketing solutions. It’s often recognized for its memorable and sometimes controversial advertising campaigns.

Stock Data
NYSE Symbol GDDY
Sectoral Index Technology
52 Weeks High 128
52 Weeks Low 67.435

GoDaddy (NYSE: GDDY) - RELATIVE STRENGTH

GDDY-RELATIVE STRENGTH

Relative Performance - Last 1 Year

GoDaddy —     NYSE —

GoDaddy (NYSE: GDDY) - DAILY TECHNICAL ANALYSIS

GDDY-DAILY TECHNICAL ANALYSIS
GoDaddy (NYSE: GDDY) - Daily Technical Analysis
  • Price had been going through a deep consolidation phase for a long period.
  • Just before the breakout, price has formed a Symmetrical Triangle which is a bullish pattern.
  • We have witnessed a sharp upside rally after the breakout.
  • Price reached to its All Time High at 127 level.
  • Then the price again started consolidating.
  • Recently with a fresh breakout, price is trading above its previous All Time High.
  • If the price manages to sustain above the 128 level then more upside move possible.

GoDaddy (NYSE: GDDY) - RSI

GDDY-RSI
GoDaddy (NYSE: GDDY) - RSI
  • Current RSI of this stock is 64.87, which indicates the strength of buyers.

GoDaddy (NYSE: GDDY) - MACD

GoDaddy (NYSE: GDDY) - MACD
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

GoDaddy (NYSE: GDDY) - OBV

GDDY-OBV
GoDaddy (NYSE: GDDY) - OBV
  • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

CONCLUSION - GoDaddy (NYSE: GDDY) STOCK PRICE FORECAST

Based on our stock trading advice in USA, GoDaddy stock price target will be USD 133 – USD 136 in the next 12-14 trading sessions.

GoDaddy (NYSE: GDDY) TRADINGVIEW POSITION UPDATE

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MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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