Software development company Guidewire Software, Inc. announced a partnership with the large American insurance company Columbia Insurance, which operates in dozens of US states. As a result, Guidewire remains one of the leading insurance software providers, able to attract valuable customers.
Under this partnership, Columbia Insurance will leverage Guidewire's cloud-based solutions as the technological backbone for its case management and customer engagement processes. The company plans to complete the deployment and launch of the new IT infrastructure shortly.
It is a positive sign that a large customer like Columbia Insurance is ultimately moving away from legacy IT solutions by implementing Guidewire software across all its business lines and branches. In this respect, the insurance company will soon be working with all its clients using solutions from Guidewire.
Let's review the technical analysis of Guidewire Software, Inc. (NYSE: GWRE) shares to explore potential trading opportunities.
On the Daily (D1) timeframe, resistance has formed at 136.45 USD with support at 129.00 USD. A steady upward trend began at the end of June 2023. If the trend reverses downward, the fall target may be 102.80 USD.
In an optimistic scenario for the company's shares, where an upward trend persists, and the resistance level is broken through at 136.45 USD, the short-term target could be set at 145.15 USD. In the medium term, the price may rise to 156.35 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Under this partnership, Columbia Insurance will leverage Guidewire's cloud-based solutions as the technological backbone for its case management and customer engagement processes. The company plans to complete the deployment and launch of the new IT infrastructure shortly.
It is a positive sign that a large customer like Columbia Insurance is ultimately moving away from legacy IT solutions by implementing Guidewire software across all its business lines and branches. In this respect, the insurance company will soon be working with all its clients using solutions from Guidewire.
Let's review the technical analysis of Guidewire Software, Inc. (NYSE: GWRE) shares to explore potential trading opportunities.
On the Daily (D1) timeframe, resistance has formed at 136.45 USD with support at 129.00 USD. A steady upward trend began at the end of June 2023. If the trend reverses downward, the fall target may be 102.80 USD.
In an optimistic scenario for the company's shares, where an upward trend persists, and the resistance level is broken through at 136.45 USD, the short-term target could be set at 145.15 USD. In the medium term, the price may rise to 156.35 USD.
__
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.