GGDPX Stock Tickeron detected bearish Mutual Fund Pattern: Head-and-Shoulders Top on July 30, 2024

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GGDPX - Goldman Sachs Intl Sm Cp Insghts P

Emerged: 07/30/24

Breakout: $12.99

Price: $12.47

Target price: $12.59

A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for GGDPX stock. This pattern was detected on July 30, 2024 . The odds of reaching the target price are 6.

The pattern forms with a center peak (the Head, labeled 3) and left and right Shoulders (1, 5). Eventually the security stops testing highs and reverses trend into a decline.

Consider selling a security short before it declines or buying a put option to benefit from the price decline. To improve success chances, wait for a confirmation move: allow the price to break below the Neckline level (2, 4), which is calculated as the average of the two lows between the Head and the Shoulders.