Friday, January 29, 2021

Chart of the Day - GTY Technology


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Barchart.com's Chart of the Day - GTY Technology
January 29, 2021: Published by Barchart.com

The Barchart Chart of the Day belongs to the cloud-based software solutions company GTY Technology (NASDAQ:GTYH).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 11/17 the stock gained 131.60% .  

GTY Technology Holdings Inc. operates as a software as a service company that offers a cloud-based suite of solutions for the public sector, in North America. The company develops software technologies for the procurement and vendor or supplier sourcing industry in government, public sector, and various highly-regulated commercial vertical markets; content, digital services, and integrated payments via a software-as-a-service platform for government agencies and utility companies. It also develops cloud-based grants management and cost allocation software for state, local, and tribal governments; builds software to streamline municipal permissions and licenses; offers budgeting software, performance management, and transparency and data visualization solutions; and provides public sector budgeting software and consulting services. GTY Technology Holdings Inc. was founded in 2016 and is headquartered in Las Vegas, Nevada.

GTYH

 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 64.07+ Weighted Alpha
  • 27.32% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 55.03% in the last month
  • Relative Strength Index 87.04%
  • Technical support level 7.19
  • Recently traded at 7.52 with a 50 day moving average of 4.96

Fundamental factors:

  • Market Cap $411 million
  • Revenue expected to grow 20.80% this year and another 22.60% next year
  • Earnings estimated to increase 38.50% next year
  • Wall Street analysts issued 1 strong buy and 1 buy recommendation on the stock
  • 330 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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Copyright © 2018, All rights reserved. The information contained herein is derived from public sources believed to be reliable but is not guaranteed as to its accuracy or completeness. No responsibility is assumed for the use of this material and no express or implied warranties nor guarantees are made. Nothing contained herein should be construed as an offer to buy or sell, or as a solicitation to buy or sell, any securities or derivative instruments.
 

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