Buy GeneDx Holdings | NASDAQ – WGS | Short Term Trading Advice | Healthcare Sector | 14th May 2024 | Expected Gain 13% – 17%

Date

14 May 2024

Analysed By

Naranj Capital Research Desk

Stock Market

NASDAQ, United States of America

Target hit. Trade closed.

NASDAQ WGS

14 May 2024

5 Jun 2024

16 days

Loss per
100,000 USD

Stop-loss

Buy Advice

14 May 2024

22 – 23

Target 1

5 Jun 2024

Target 2

5 Jun 2024

Profit per
100,000 USD

16 days

22,727

22 – 23

22,727

USA Stock Trading Advice

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

GeneDx Holdings

22 – 23

26 – 27

Below 19

13 – 17%

15 - 16 Days

Buy GeneDx Holdings

Buy
Range 22 – 23

Target 26 – 27

Stoploss Below 19

Upside
Potential 13 – 17%

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.

GeneDx Holdings (NASDAQ: WGS) - Stock Overview

NASDAQ Code

Stock Name

Sector

52 Weeks High

52 Weeks Low

WGS

GeneDx Holdings

Health Care

21.71

1.16

NASDAQ Code WGS

Stock Name GeneDx Holdings

Sector Health Care

52 Weeks High 21.71

52 Weeks Low 1.16

Company profile

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.

GeneDx Holdings (NASDAQ: WGS) vs NASDAQ - Relative Strength Comparison

The image compares GeneDx Holdings's 1-year performance to NASDAQ. — Relative Performance - Last 1 Year
WGS — NASDAQ —

GeneDx Holdings (NASDAQ: WGS) - Technical Analysis (Daily)

GeneDx Holdings - Technical Analysis chart on Daily Price and Volume

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 Indicator

GeneDx Holdings stock analysis based on WGS Indicator — GeneDx Holdings - WGS Indicator

Current RSI of this stock is 81.54, which indicates the strength of buyers.

GeneDx Holdings (NASDAQ: WGS) - ADX & DI Indicator

GeneDx Holdings stock analysis based on ADX & DI Indicator — GeneDx Holdings - ADX & DI Indicator

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.