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USA A1 Trading Advice (B) | 08-Oct-2024 | Expected Gain 8%-12%

SHORT TERM TRADING ADVICE IN USA

 BUY   GeneDx Holdings (NASDAQ: WGS)

GeneDx Holdings (NASDAQ: WGS) STOCK RECOMMENDATION

Idea BUY
Buy Range 50 – 52
Target 56 – 58
StopLoss* below 46
Duration 12-14 Trading Days
Potential Returns 8% – 12%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 50 – 52 56 – 58 below 46 12-14 Trading Days 8% – 12%

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

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

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 Technology
52 Weeks High 52.9
52 Weeks Low 1.16

GeneDx Holdings (NASDAQ: WGS) - RELATIVE STRENGTH

WGS-RELATIVE STRENGTH

Relative Performance - Last 1 Year

GeneDx —     NASDAQ —

GeneDx Holdings (NASDAQ: WGS) - DAILY TECHNICAL ANALYSIS

GeneDx Holdings (NASDAQ: WGS) - Technical Analysis (Weekly)
  • The stock price is experiencing a robust upward trend, consistently establishing higher highs and lows.
  • During this upward movement, the price has developed an Ascending Triangle pattern, and following a significant breakout, it surged to greater heights.
  • It is anticipated that the stock price will maintain its upward momentum and continue to rise further.

GeneDx Holdings (NASDAQ: WGS) - RSI

WGS-RSI
GeneDx Holdings (NASDAQ: WGS) - RSI
  • Current RSI of this stock is 80.24, which indicates the strength of buyers.

GeneDx Holdings (NASDAQ: WGS) - ADX & DI

GeneDx Holdings (NASDAQ: WGS) - ADX & DI
  • 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.

GeneDx Holdings (NASDAQ: WGS) - EMA Cross

WGS-EMA CROSS
GeneDx Holdings (NASDAQ: WGS) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

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

Based on our stock trading advice in USA, GeneDx Holdings stock price target will be USD 56 – USD 58 in the next 12-14 trading sessions.

GeneDx Holdings (NASDAQ: WGS) TRADINGVIEW POSITION UPDATE

Buy GeneDx Holdings by NaranjCapital on TradingView.com

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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