GoDaddy Could Finally Be Going Somewhere
GoDaddy didn’t go anywhere for years, but that might be changing.
Today’s chart uses a two-week interval to highlight the prolonged consolidation period between late 2018 and earlier this quarter. Notice the large bullish engulfing candle in late October and the start of November, with continuation this month.
That strong move established GDDY near the top of its long-term range. The stock already made new daily closing highs and is on the verge of a new weekly closing high. That may suggest it’s getting ready to escape the long-term range.
Next, the series of higher lows since late 2022 could indicate that bulls were quietly accumulating shares. The Internet-hosting company also broke a triangle that started last summer.
Third, the price action may resemble moves one year ago in
FICO Fair Isaac. It also broke out of a long-term consolidation pattern in November and proceeded to roughly double. Could GDDY follow a similar path in the New Year?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.
Today’s chart uses a two-week interval to highlight the prolonged consolidation period between late 2018 and earlier this quarter. Notice the large bullish engulfing candle in late October and the start of November, with continuation this month.
That strong move established GDDY near the top of its long-term range. The stock already made new daily closing highs and is on the verge of a new weekly closing high. That may suggest it’s getting ready to escape the long-term range.
Next, the series of higher lows since late 2022 could indicate that bulls were quietly accumulating shares. The Internet-hosting company also broke a triangle that started last summer.
Third, the price action may resemble moves one year ago in
FICO Fair Isaac. It also broke out of a long-term consolidation pattern in November and proceeded to roughly double. Could GDDY follow a similar path in the New Year?TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.