Buy GoDaddy | NYSE – GDDY | Short Term Trading Advice | Technology Sector | 7th May 2024 | Expected Gain 5% – 7%

Stock Market
NYSE, United States of America

Target hit. Trade closed.

7 May 2024
10 May 2024
15 May 2025
7 days
Loss per
100,000 USD
Stop-loss
118
Buy Advice
7 May 2024
124 – 127
Target 1
10 May 2024
133
Target 2
15 May 2025
136
Profit per
100,000 USD
7 days
5,812
118
124 – 127
133
136
5,812
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • GoDaddy
  • 124 – 127
  • 133 – 136
  • Below 118
  • 5% – 7%
  • 12 - 14 Days
  • Buy GoDaddy
  • Buy
    Range
    124 – 127
  • Target 133 – 136
  • Stoploss Below 118
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    GoDaddy (NYSE: GDDY) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • GDDY
  • GoDaddy
  • Technology
  • 128
  • 67.435
  • NYSE code GDDY
  • Stock Name GoDaddy
  • Sector Technology
  • 52 Weeks High 128
  • 52 Weeks Low 67.435
  • Company profile

    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.

  • GoDaddy (NYSE: GDDY) vs NYSE - Relative Strength Comparison

    The image highlights GoDaddy's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    GDDY —   NYSE —

  • GoDaddy (NYSE: GDDY) - Technical Analysis (Daily)

    GoDaddy - Technical Analysis chart on Daily Price and Volume
    GoDaddy - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    GoDaddy stock analysis based on RSI Indicator
    GoDaddy - RSI Indicator

    • Current RSI of this stock is 64.87, which indicates the strength of buyers.

  • GoDaddy (NYSE: GDDY) - MACD Indicator

    GoDaddy stock analysis based on MACD Indicator
    GoDaddy - MACD Indicator

    • 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 Indicator

    GoDaddy stock analysis based on OBV Indicator
    GoDaddy - OBV Indicator

    • 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 trading advisory services for USA stocks, GoDaddy stock price target will be USD 133 - USD 136 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website