News        Sectors        Watchlists

GS Acquisition Holdings Corp II (GSAH)

GS Acquisition stock forecast: buy or sell

Close on Sep 28th, 2020
$10.62 0.00%
3 months performance
0.06%
Published: September 28th, 2020 - 7.05pm EDT

GS Acquisition stock outlook

  • GS Acquisition Holdings Corp II intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction with one or more businesses.

Important note:
The viewpoints written in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the individual positions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for educative motives only

GS Acquisition stock charts

Should I buy GS Acquisition stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is GSAH stock a buy?

Currently, GS Acquisition stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean GSAH will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell GS Acquisition stock?

When you are a novel trader and you own stock shares with some profit, it's really hard to decide the best moment to sell and get your benefits. Trading strategies let us to avoid impulsive decisions based on our personal sentiments or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very simple to use and are only valid for selling stocks you already own, not for shorting GSAH stock

As a rule of thumb, you should not keep a trade that produces greater losses than those expected by the time of purchase. The timing to sell your stock must always be ruled by the stop-loss (automatic or manual)

Is it time to sell GS Acquisition stock?

In the current situation of GS Acquisition there is not any eligible sell setup, so GS Acquisition stock holders with operations in profit can keep their positions

Analysts' recommendations to buy or sell GS Acquisition stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days we couldn't find any rating for GS Acquisition

Technical analysis

SMAs overview

Moving averages are tools for traders to detect stock momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

GSAH SMAs chart

Supports and resistances

Technical analysts use supports and resistances as a way to identify price points on a chart that tend to behave as barriers, preventing the price of a stock to move in certain direction. Supports are levels where the price tends to stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down this level, it is likely to continue falling until meeting another support level. On the other side, a resistance level is where the price may find a curb as it moves up. In the same way, the price is more liable to "bounce off" at this level, and if it finally breaks this level, the price will rise easily until it meets the next resistance

The current resistances are:

  • R1: $11.03 (3.86% above)
  • Price is at lows and there are not lower support levels.

    Bollinger bands

    So-called Bollinger bands are a popular studio developed by John Bollinger. It is composed of three lines that are drawn superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    The price is trading near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    GSAH RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. Its objective is to plot the current and past strength or weakness of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI fluctuates in a range between 0% and 100%. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by traders

    The Relative Strength Indicator (RSI) has been between the overbought and oversold zones for some weeks, and therefore, without this indicator really being helpful in making any decisions.

    GSAH RSI chart

    Earnings and financials

    GS Acquisition hosted the earnings event and presented the second-quarter report.

    In contract, the EPS for the same quarter last year was $0.00, so posted EPS means -. Looking at turnover, figures only changed compared to $0.00 year over year.

    GS Acquisition is hosting the earnings call. Earnings reporting day has a more than usual risk for traders as the information provided can gap up or down the shares price with exceptionally low volume and not honouring your buy or stop-loss orders.

    GSAH revenues and profits chart