Guidewire Software has still an uptrend and is going toward its highest level.

The security is trading in a bullish trend in the short and the long term. Prices are near to the USD 42.9 short term support, corresponding to a bullish trend line. Further, the 50-day moving average is coming in support and should help the stock to bounce towards USD 48.1.

According to technical elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach 48.1 resistance. A stop loss will be placed under the USD 42.9 short term support to avoid a downtrend.