NASDAQ trade advice (B): US technology stock | 8-12% gain | USA stock trading signal on 8 Oct 2024

Stock Market
NASDAQ, United States of America

Target hit. Trade closed.

8 Oct 2024
11 Oct 2024
11 Oct 2024
4 days
Loss per
100,000 USD
Stop-loss
46
Buy Advice
8 Oct 2024
50 – 52
Target 1
11 Oct 2024
56
Target 2
11 Oct 2024
58
Profit per
100,000 USD
4 days
11,111
46
50 – 52
56
58
11,111
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • GeneDx Holdings
  • 50 – 52
  • 56 – 58
  • Below 46
  • 8% – 12%
  • 12 - 14 Days
  • Buy GeneDx Holdings
  • Buy
    Range
    50 – 52
  • Target 56 – 58
  • Stoploss Below 46
  • Upside
    Potential
    8% – 12%
  • 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.

    GeneDx Holdings (NASDAQ: WGS) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WGS
  • GeneDx Holdings
  • Technology
  • 52.9
  • 1.16
  • NASDAQ code WGS
  • Stock Name GeneDx Holdings
  • Sector Technology
  • 52 Weeks High 52.9
  • 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 highlights GeneDx Holdings's performance over the last year versus 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
    GeneDx Holdings - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    GeneDx Holdings stock analysis based on RSI indicator
    GeneDx Holdings - RSI indicator

    • Current RSI of this stock is 80.24, 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.

  • GeneDx Holdings (NASDAQ: WGS) - EMA Crossover

    GeneDx Holdings stock analysis based on EMA Crossover
    GeneDx Holdings - EMA Crossover

    • 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 Forcast

    Based on our swing trading strategies for US stocks, GeneDx Holdings stock price target will be USD 56 - USD 58 in the next 12-14 trading sessions.

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