Today(06 Jun) Stock Pick From A.I. model - GTLB
Today (06 June 2023) the premarket futures is lower as investors are looking for clues on the rate hike pause in June considering that worries of flood of Treasury bill issuance might bring down bank stocks.
Dow, S&P500, NASDAQ and Russell are all in the red. I would expect market to open lower today.
Here is the today’s stock pick by A.I.
We have $GitLab, Inc.(GTLB)$ as company earnings report bear expectations and their efforts in A.I. played up.
I would look at target Entry Price to be around $44.30-$44.50, if it goes below $44.30 I will check Bear strength , if go above $46 and maintain, GTLB could be headed above $50.
GitLab, Inc. (GTLB) Technical Analysis
I believe the market has not get to the news of its earnings report, I think this might change later.
Gitlab’s (GTLB) 10-Day exponential moving average is 34.31, while Gitlab’s (GTLB) share price is $35.4, making it a Sell.
Gitlab’s (GTLB) 100-Day exponential moving average is 37.39, while Gitlab’s (GTLB) share price is $35.4, making it a Sell.
Gitlab’s (GTLB) stock price is $35.4 and Gitlab’s (GTLB) 50-day simple moving average is 32.46, creating a Buy signal.
Gitlab’s (GTLB) stock price is $35.4 and Gitlab’s (GTLB) 100-day simple moving average is 39.04, creating a Sell signal.
Gitlab’s (GTLB) stock price is $35.4 and Gitlab’s (GTLB) 200-day simple moving average is 43.86, creating a Sell signal.
Summary
Do take cautious in trading stocks that has risen on news, this might be a short term surge.
I will monitor closely how it will be trading 1-2 hours in premarket before actual trading starts at 9.30am(EST).
Appreciate if you could share your thoughts in the comment section how would you be trading today?
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Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
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However, the 50-Day moving average is higher than the current share price, suggesting it might be a good time to buy. 📈
Looks like the market hasn't caught up with GTLB's earnings report yet, but that could change soon! 🤞
GTLB's 10-Day moving average is lower than the current share price, so it might be a good idea to sell. 📉
The 100-Day moving average is also lower than the current share price, indicating a sell signal. 🚫
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