GDDY Technical Analysis - GODADDY INC - CLASS A

Technical Rating and Analysis

Taking everything into account, GDDY scores 0 out of 10 in our technical rating. GDDY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

89% of all other stocks performed better in the past year than GDDY.

GDDY is one of the lesser performing stocks in the IT Services industry. 62% of 87 stocks in the same industry do better.

GDDY is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month GDDY has a been trading in the 131.29 - 150.47 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

GDDY has an average volume of 1915530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GODADDY INC - CLASS A / GDDY Weekly stock chart

GODADDY INC - CLASS A / GDDY Daily stock chart

Setup Rating and Analysis

The technical rating of GDDY is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

130.85

161.93

We found 1 important support area.

A support zone ranging from 132.17 to 132.17. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 141.85 to 144.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 148.03 to 149.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 160.27 to 160.33. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for GDDY is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GDDY is down.
ChartMill Relative Strength	11.15	NEGATIVE	GDDY has a low relative strength, it was outperformed by 88.85% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GDDY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GDDY is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GDDY is below a declining SMA(200).
Relative Strength Index/RSI (14)	28.55	OVERSOLD	The low RSI value suggests GDDY may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.82	NEGATIVE	The MACD value suggests GDDY has a negative trend.
Stochastics (14,3)	7.59	OVERSOLD	The low Stochastics value suggests GDDY may be oversold.
Average True Range in percent/ATR (20)	2.7	MEDIUM VOLATILITY	The ATR as a percentage value for GDDY suggests some volalility.
Average Directional Index/ADX (14)	31.54	POSITIVE	The high ADX value value for GDDY suggests a strong trend.