NYSE trade advice (B): US consumer discretionary stock | 7-9% gain | USA stock trading signal on 31 Jul 2024

Date
July 31, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

USA Stock Trading Advice

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Gartner
  • 486 – 496
  • 530 – 540
  • Below 470
  • 7% – 9%
  • 15 - 16 Days
  • Buy
    Gartner
  • Buy
    Range
    486 – 496
  • Target
    530 – 540
  • Stoploss
    Below 470
  • Upside
    Potential
    7% – 9%
  • Trade
    Duration
    15 - 16 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Gartner (NYSE: IT) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • IT
  • Gartner
  • Consumer Discretionary
  • 486.54
  • 323.61
  • NYSE code IT
  • Stock Name Gartner
  • Sector Consumer Discretionary
  • 52 Weeks High 486.54
  • 52 Weeks Low 323.61
  • Gartner (NYSE: IT) vs NYSE - Relative Strength Comparison

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

  • Gartner (NYSE: IT) - Technical Analysis (Daily)

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

    • Following the breakout from the Double Bottom pattern, the stock experienced a strong upward rally.
    • Subsequently, the price began to consolidate and eventually formed a Rising Wedge pattern.
    • The price then broke below the pattern and underwent a correction.
    • Finding support around the 410 level, the stock began to climb upwards.
    • An Ascending Triangle pattern emerged during this phase, leading to a subsequent upward movement in price.
    • With a recent powerful breakout, the stock is now positioned to move even higher.
  • Gartner (NYSE: IT) - RSI Indicator

    Gartner stock analysis based on RSI indicator
    Gartner - RSI indicator

    • Current RSI of this stock is 74.26, which indicates the strength of buyers.

  • Gartner (NYSE: IT) - MACD Indicator

    Gartner stock analysis based on MACD indicator
    Gartner - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Gartner (NYSE: IT) - OBV Indicator

    Gartner stock analysis based on OBV indicator
    Gartner - 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 - Gartner (NYSE: IT) Stock Price Forecast

    Based on our positional trading advisory in USA stocks, Gartner stock price target will be USD 530 - USD 540 in the next 15-16 trading sessions.

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    Stoploss reached. Trade closed.

    2 days
    5 Aug 2024
    31 Jul 2024
    Loss per
    100,000 SAR
    2 days
    -3,292
    Stop-loss
    5 Aug 2024
    470
    Buy Advice
    31 Jul 2024
    486 – 496
    Target 1
    530
    Target 2
    540
    Profit per
    100,000 SAR
    -3,292
    470
    486 – 496
    530
    540
    2 days
    5 Aug 2024
    31 Jul 2024
    Loss per
    100,000 SAR
    2 days
    -3,292
    Stop-loss
    5 Aug 2024
    470
    Buy Advice
    31 Jul 2024
    486 – 496
    Target 1
    530
    Target 2
    540
    Profit per
    100,000 SAR
    -3,292
    470
    486 – 496
    530
    540
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Gartner
  • 486 – 496
  • 530 – 540
  • Below 470
  • 7% – 9%
  • 15 - 16 Days
  • Buy Gartner
  • Buy
    Range
    486 – 496
  • Target 530 – 540
  • Stoploss Below 470
  • Upside
    Potential
    7% – 9%
  • Trade
    Duration
    15 - 16 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Gartner
  • 486 – 496
  • 530 – 540
  • Below 470
  • 7% – 9%
  • 15 - 16 Days
  • Buy
    Gartner
  • Buy
    Range
    486 – 496
  • Target
    530 – 540
  • Stoploss
    Below 470
  • Upside
    Potential
    7% – 9%
  • Trade
    Duration
    15 - 16 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Gartner (NYSE: IT) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • IT
  • Gartner
  • Consumer Discretionary
  • 486.54
  • 323.61
  • NYSE code IT
  • Stock Name Gartner
  • Sector Consumer Discretionary
  • 52 Weeks High 486.54
  • 52 Weeks Low 323.61
  • Company profile

    Gartner, Inc. is a research and advisory firm based in the United States, with operations in Canada, Europe, the Middle East, Africa, and beyond. It has three main areas: Research, Conferences, and Consulting. The Research area provides a subscription service that gives users access to published research, data, benchmarks, and a network of experts. The Conferences area allows executives and teams to learn, share ideas, and connect with others. The Consulting area offers top research, tailored analysis, and support services, focusing on IT needs like cost optimization, digital transformation, and sourcing strategies. Founded in 1979, Gartner, Inc. is located in Stamford, Connecticut.

  • Gartner (NYSE: IT) vs NYSE - Relative Strength Comparison

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

  • Gartner (NYSE: IT) - Technical Analysis (Daily)

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

    • Following the breakout from the Double Bottom pattern, the stock experienced a strong upward rally.
    • Subsequently, the price began to consolidate and eventually formed a Rising Wedge pattern.
    • The price then broke below the pattern and underwent a correction.
    • Finding support around the 410 level, the stock began to climb upwards.
    • An Ascending Triangle pattern emerged during this phase, leading to a subsequent upward movement in price.
    • With a recent powerful breakout, the stock is now positioned to move even higher.
  • Gartner (NYSE: IT) - RSI Indicator

    Gartner stock analysis based on RSI indicator
    Gartner - RSI indicator

    • Current RSI of this stock is 74.26, which indicates the strength of buyers.

  • Gartner (NYSE: IT) - MACD Indicator

    Gartner stock analysis based on MACD indicator
    Gartner - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Gartner (NYSE: IT) - OBV Indicator

    Gartner stock analysis based on OBV indicator
    Gartner - 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 - Gartner (NYSE: IT) Stock Price Forecast

    Based on our positional trading advisory in USA stocks, Gartner stock price target will be USD 530 - USD 540 in the next 15-16 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