Group 1 Automotive $GPI Trading Report
The Group 1 Automotive (NYSE: GPI) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for GPI, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, but prices change and so do support and resistance levels. Update this report, and get unlimited real time reports here Unlimited Real Time Reports.
Review the GPI Trading Plans:
Long Term Trading Plans for GPI
August 9, 2020, 5:15 am ET
The Technical Summary and Trading Plans for GPI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GPI Report.
GPI - (Long) Support Plan
The technical summary data tells us to buy GPI near 85.46, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 85.2 to protect against excessive loss in case the stock begins to move against the trade. 85.46 is the first level of support below 92.12, and by rule, any test of support is a buy signal. In this case, if support 85.46 is being tested, a buy signal would exist.
GPI - (Short) Resistance Plan
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.