The Hourly View for GDDY
At the time of this writing, GDDY (Get Ratings)’s price is up $0.67 (0.8%) from the hour prior. The hourly chart shows that GDDY has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
GDDY’s Technical Outlook on the Daily Chart
Currently, GDDY’s price is up $0.71 (0.84%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as GDDY has now gone down 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows GDDY’s price action over the past 90 days.
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The post GoDaddy Inc (GDDY): Price Now Near $85.3; Daily Chart Shows An Uptrend on 20 Day Basis appeared first on ETF Daily News.
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