Learn to Evaluate Genuine Parts (GPC) using the Charts

January 29, 2023, 01:30 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GPC

• Buy GPC slightly over 158.85 target 172.65 stop loss @ 158.39 Details

The technical summary data tells us to buy GPC near 158.85 with an upside target of 172.65. This data also tells us to set a stop loss @ 158.39 to protect against excessive loss in case the stock begins to move against the trade. 158.85 is the first level of support below 165.94 , and by rule, any test of support is a buy signal. In this case, support 158.85 is being tested, a buy signal would exist.

• Short GPC slightly under 172.65, target 158.85, stop loss @ 173.15 Details

The technical summary data is suggesting a short of GPC as it gets near 172.65 with a downside target of 158.85. We should have a stop loss in place at 173.15though. 172.65 is the first level of resistance above 165.94, and by rule, any test of resistance is a short signal. In this case, if resistance 172.65 is being tested, a short signal would exist.

Swing Trading Plans for GPC

• Buy GPC slightly over 172.65, target n/a, Stop Loss @ 172.15 Details

If 172.65 begins to break higher, the technical summary data tells us to buy GPC just slightly over 172.65, with an upside target of n/a. The data also tells us to set a stop loss @ 172.15 in case the stock turns against the trade. 172.65 is the first level of resistance above 165.94, and by rule, any break above resistance is a buy signal. In this case, 172.65, 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 GPC slightly near 172.65, target 165.75, Stop Loss @ 173.15. Details

The technical summary data is suggesting a short of GPC if it tests 172.65 with a downside target of 165.75. We should have a stop loss in place at 173.15 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, 172.65, 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 GPC

• Buy GPC slightly over 168.20, target 172.65, Stop Loss @ 167.81 Details

If 168.20 begins to break higher, the technical summary data tells us to buy GPC just slightly over 168.20, with an upside target of 172.65. The data also tells us to set a stop loss @ 167.81 in case the stock turns against the trade. 168.20 is the first level of resistance above 165.94, and by rule, any break above resistance is a buy signal. In this case, 168.20, 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 GPC slightly near 168.20, target 165.83, Stop Loss @ 168.59. Details

The technical summary data is suggesting a short of GPC if it tests 168.20 with a downside target of 165.83. We should have a stop loss in place at 168.59 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, 168.20, 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.

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GPC Ratings for January 29:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	144.80
P2	165.83	160.49	158.85
P3	168.20	165.75	172.65

Support and Resistance Plot Chart for GPC

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Genuine Parts (NYSE: GPC) report below can help you understand how to do this. The trading plans for GPC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.