Is gpn going to decline more?

Global Payments (GPN) is likely to experience a decline in stock price in the near term, considering the following factors:

1. Current Price Trend: The stock is in a bearish trend, which has persisted for 17 days. The probability of continuation is 82%, indicating that the bearish pressure is likely to persist.

2. Support and Resistance Levels: The stock is currently positioned between narrow and wide support levels, which suggests that while there is some support, the price is still at risk of moving further down towards the resistance level.

3. Market Sentiment: Following the earnings release, the stock plummeted by more than 7% in pre-market trading due to the $24B Worldpay purchase and $13.5B divestiture. These significant transactions could lead to short-term volatility and potential further declines as the market adjusts to the new business structure.
4. Forecast Price: The trend forecast suggests a bullish advice with a 57.98% historical win rate, indicating that even though the trend is bearish, there is a chance of a price swing upwards. However, the current forecast price for the upcoming days shows a general decline until May 7, 2025.

In conclusion, while there is a possibility of a price swing upwards, the overall sentiment and trend forecasts suggest that GPN could continue to decline in the short term. Investors should exercise caution and consider these factors before making investment decisions.