Trading Genco Shipping & Trading Limited New (marshall Islands) ($GNK) With Integrated Risk Controls

December 11, 2023, 12:15 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GNK

• Buy GNK slightly over 13.48 target 15.18 stop loss @ 13.44 Details

The technical summary data tells us to buy GNK near 13.48 with an upside target of 15.18. This data also tells us to set a stop loss @ 13.44 to protect against excessive loss in case the stock begins to move against the trade. 13.48 is the first level of support below 14.44 , and by rule, any test of support is a buy signal. In this case, support 13.48 is being tested, a buy signal would exist.

• Short GNK slightly under 15.18, target 13.48, stop loss @ 15.22 Details

The technical summary data is suggesting a short of GNK as it gets near 15.18 with a downside target of 13.48. We should have a stop loss in place at 15.22though. 15.18 is the first level of resistance above 14.44, and by rule, any test of resistance is a short signal. In this case, if resistance 15.18 is being tested, a short signal would exist.

Swing Trading Plans for GNK

• Buy GNK slightly over 15.22, target n/a, Stop Loss @ 15.18 Details

If 15.22 begins to break higher, the technical summary data tells us to buy GNK just slightly over 15.22, with an upside target of n/a. The data also tells us to set a stop loss @ 15.18 in case the stock turns against the trade. 15.22 is the first level of resistance above 14.44, and by rule, any break above resistance is a buy signal. In this case, 15.22, 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 GNK slightly near 15.22, target 14.16, Stop Loss @ 15.26. Details

The technical summary data is suggesting a short of GNK if it tests 15.22 with a downside target of 14.16. We should have a stop loss in place at 15.26 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, 15.22, 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 GNK

• Buy GNK slightly over 15.22, target n/a, Stop Loss @ 15.18 Details

If 15.22 begins to break higher, the technical summary data tells us to buy GNK just slightly over 15.22, with an upside target of n/a. The data also tells us to set a stop loss @ 15.18 in case the stock turns against the trade. 15.22 is the first level of resistance above 14.44, and by rule, any break above resistance is a buy signal. In this case, 15.22, 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 GNK slightly near 15.22, target 14.16, Stop Loss @ 15.26. Details

The technical summary data is suggesting a short of GNK if it tests 15.22 with a downside target of 14.16. We should have a stop loss in place at 15.26 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, 15.22, 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 Genco Shipping & Trading Limited New (marshall Islands) (GNK) available here: GNK.

GNK Ratings for December 11:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	11.9
P2	13.65	14.16	13.48
P3	14.16	15.22	15.18

AI Generated Signals for GNK

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Genco Shipping & Trading Limited New (marshall Islands) (NYSE: GNK) report below can help you, but we have more details too. The trading plans for GNK, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.