How the price action of Gannett Co Inc (GCI) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for GCI
  • Buy GCI over 5.27 target 6.18 stop loss @ 5.25 Details
  • The technical summary data tells us to buy GCI near 5.27 with an upside target of 6.18. This data also tells us to set a stop loss @ 5.25 to protect against excessive loss in case the stock begins to move against the trade. 5.27 is the first level of support below 5.3 , and by rule, any test of support is a buy signal. In this case, support 5.27 would be being tested, so a buy signal would exist.

  • Short GCI under 6.18, target 5.27, stop loss @ 6.2 Details
  • The technical summary data is suggesting a short of GCI as it gets near 6.18 with a downside target of 5.27. We should have a stop loss in place at 6.2though. 6.18 is the first level of resistance above 5.3, and by rule, any test of resistance is a short signal. In this case, if resistance 6.18 is being tested, so a short signal would exist.

Swing Trading Plans for GCI
  • Buy GCI over 6.18, target 7.14, Stop Loss @ 6.16 Details
  • If 6.18 begins to break higher, the technical summary data tells us to buy GCI just over 6.18, with an upside target of 7.14. The data also tells us to set a stop loss @ 6.16 in case the stock turns against the trade. 6.18 is the first level of resistance above 5.3, and by rule, any break above resistance is a buy signal. In this case, 6.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short GCI near 6.18, target 5.27, Stop Loss @ 6.2. Details
  • The technical summary data is suggesting a short of GCI if it tests 6.18 with a downside target of 5.27. We should have a stop loss in place at 6.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 6.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GCI
  • Buy GCI over 6.18, target 7.14, Stop Loss @ 6.17 Details
  • If 6.18 begins to break higher, the technical summary data tells us to buy GCI just over 6.18, with an upside target of 7.14. The data also tells us to set a stop loss @ 6.17 in case the stock turns against the trade. 6.18 is the first level of resistance above 5.3, and by rule, any break above resistance is a buy signal. In this case, 6.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short GCI near 6.18, target 5.27, Stop Loss @ 6.19. Details
  • The technical summary data is suggesting a short of GCI if it tests 6.18 with a downside target of 5.27. We should have a stop loss in place at 6.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 6.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

GCI Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Neutral Strong
P1 0 0 5.27
P2 5.19 4.88 6.18
P3 0 5.16 7.14

GCI Long Term Analysis for January 15 2022


GCI Swing Trading Analysis for January 15 2022


GCI Day Trading Analysis for January 15 2022

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Gannett Co Inc (NYSE: GCI) data table below can help you with price action, and we have more details too. Trading plans for GCI are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

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