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

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

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.

NYSE: IT

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

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

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

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

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

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

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

Gartner (NYSE: IT) - MACD Indicator

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

Gartner (NYSE: IT) - 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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