(GATX) Investment Analysis and Advice

September 01, 2024, 05:50 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GATX

• Buy GATX slightly over 133.57 target 141.59 stop loss @ 133.18 Details

The technical summary data tells us to buy GATX near 133.57 with an upside target of 141.59. This data also tells us to set a stop loss @ 133.18 to protect against excessive loss in case the stock begins to move against the trade. 133.57 is the first level of support below 141.1 , and by rule, any test of support is a buy signal. In this case, support 133.57 would be being tested, so a buy signal would exist.

• Short GATX slightly under 141.59, target 133.57, stop loss @ 142 Details

The technical summary data is suggesting a short of GATX as it gets near 141.59 with a downside target of 133.57. We should have a stop loss in place at 142though. 141.59 is the first level of resistance above 141.1, and by rule, any test of resistance is a short signal. In this case, if resistance 141.59 is being tested, so a short signal would exist.

Swing Trading Plans for GATX

• Buy GATX slightly over 141.59, target 141.82, Stop Loss @ 141.18 Details

If 141.59 begins to break higher, the technical summary data tells us to buy GATX just slightly over 141.59, with an upside target of 141.82. The data also tells us to set a stop loss @ 141.18 in case the stock turns against the trade. 141.59 is the first level of resistance above 141.1, and by rule, any break above resistance is a buy signal. In this case, 141.59, 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 GATX slightly near 141.59, target 139.25, Stop Loss @ 142. Details

The technical summary data is suggesting a short of GATX if it tests 141.59 with a downside target of 139.25. We should have a stop loss in place at 142 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, 141.59, 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 GATX

• Buy GATX slightly over 141.59, target 141.82, Stop Loss @ 141.26 Details

If 141.59 begins to break higher, the technical summary data tells us to buy GATX just slightly over 141.59, with an upside target of 141.82. The data also tells us to set a stop loss @ 141.26 in case the stock turns against the trade. 141.59 is the first level of resistance above 141.1, and by rule, any break above resistance is a buy signal. In this case, 141.59, 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 GATX slightly near 141.59, target 140.21, Stop Loss @ 141.92. Details

The technical summary data is suggesting a short of GATX if it tests 141.59 with a downside target of 140.21. We should have a stop loss in place at 141.92 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, 141.59, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Gatx Corporation (GATX) available here: GATX.

GATX Ratings for September 01:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	133.57
P2	138.34	139.25	141.59
P3	140.21	141.82	149.56

AI Generated Signals for GATX

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Prudent Investment Analysis requires observations of the support and resistance levels for Gatx Corporation (NASDAQ: GATX) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GATX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GATX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GATX too.  All of these are offered below the Summary Table.