Buy GeneDx Holdings | NASDAQ WGS | Naranj Capital

 BUY   GeneDx Holdings (NASDAQ: WGS)

GeneDx Holdings (NASDAQ: WGS) STOCK RECOMMENDATION

Idea BUY
Buy Range 22 – 23
Target 26 – 27
StopLoss* below 19
Duration 15-16 Trading Days
Potential Returns 13 – 17%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 22 – 23 26 – 27 below 19 15-16 Trading Days 13 – 17%

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

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GeneDx Holdings (NASDAQ: WGS) STOCK OVERVIEW

GeneDx Holdings Corp., through its subsidiaries, provides genomics-related diagnostic and information services. The company offers Centrellis, an AI-driven health intelligence platform that integrates digital tools and artificial intelligence allowing scientists to ingest and synthesize clinical and genomic data to deliver comprehensive health insights. It provides genetic diagnostic tests, screening solutions, and information with a focus on pediatrics, rare diseases for children and adults, and hereditary cancer screening. GeneDx Holdings Corp. was founded in 2017 and is headquartered in Stamford, Connecticut.

Stock Data
NASDAQ Symbol WGS
Sectoral Index NASDAQ
52 Weeks High 21.71
52 Weeks Low 1.16

GeneDx Holdings (NASDAQ: WGS) - RELATIVE STRENGTH

WGS-RELATIVE STRENGTH

Relative Performance - Last 1 Year

GeneDx Holdings —     NASDAQ —

GeneDx Holdings (NASDAQ: WGS) - DAILY TECHNICAL ANALYSIS

WGS-DAILY TECHNICAL ANALYSIS
GeneDx Holdings (NASDAQ: WGS) - Technical Analysis (Daily)
  • After a huge downfall, price had gone into a deep consolidation phase.
  • Volume was completely dried up in this period.
  • During this phase, an Inverted Head & Shoulder pattern has been formed, which indicated that the trend was going to change.
  • With a strong bullish candle, price successfully broke the neckline of the Inverted Head & Shoulder pattern.
  • With again a short consolidation, price is moving upwards.
  • The momentum will be with the buyers until the price is trading above 18.5 level.

GeneDx Holdings (NASDAQ: WGS) - RSI

WGS-RSI
GeneDx Holdings (NASDAQ: WGS) - RSI
  • Current RSI of this stock is 81.54, which indicates the strength of buyers.

GeneDx Holdings (NASDAQ: WGS) - MACD

GeneDx Holdings (NASDAQ: WGS) - MACD
  • MACD line has crossed the signal line from the below, generates bullish signal.

GeneDx Holdings (NASDAQ: WGS) - ADX & DI

WGS-ADX & DI
GeneDx Holdings (NASDAQ: WGS) - RSI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - GeneDx Holdings (NASDAQ: WGS) STOCK PRICE FORECAST

Based on our stock trading advice in USA, GeneDx Holdings stock price target will be USD 26 – USD 27 in the next 15-16 trading sessions.

GeneDx Holdings (NASDAQ: WGS) TRADINGVIEW POSITION UPDATE

Follow GeneDx Holdings (NASDAQ: WGS) TRADING ADVICE On Social Media

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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