How the (GPK) price action is used to our Advantage

July 22, 2024, 01:40 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GPK

• Buy GPK slightly over 26.27 target 28.33 stop loss @ 26.19 Details

The technical summary data tells us to buy GPK near 26.27 with an upside target of 28.33. This data also tells us to set a stop loss @ 26.19 to protect against excessive loss in case the stock begins to move against the trade. 26.27 is the first level of support below 27.83 , and by rule, any test of support is a buy signal. In this case, support 26.27 would be being tested, so a buy signal would exist.

• Short GPK slightly under 28.33, target 26.27, stop loss @ 28.41 Details

The technical summary data is suggesting a short of GPK as it gets near 28.33 with a downside target of 26.27. We should have a stop loss in place at 28.41though. 28.33 is the first level of resistance above 27.83, and by rule, any test of resistance is a short signal. In this case, if resistance 28.33 is being tested, so a short signal would exist.

Swing Trading Plans for GPK

• Buy GPK slightly over 28.09, target 28.33, Stop Loss @ 28.01 Details

If 28.09 begins to break higher, the technical summary data tells us to buy GPK just slightly over 28.09, with an upside target of 28.33. The data also tells us to set a stop loss @ 28.01 in case the stock turns against the trade. 28.09 is the first level of resistance above 27.83, and by rule, any break above resistance is a buy signal. In this case, 28.09, 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 GPK slightly near 28.09, target 26.27, Stop Loss @ 28.17. Details

The technical summary data is suggesting a short of GPK if it tests 28.09 with a downside target of 26.27. We should have a stop loss in place at 28.17 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, 28.09, 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 GPK

• Buy GPK slightly over 27.88, target 28.09, Stop Loss @ 27.81 Details

If 27.88 begins to break higher, the technical summary data tells us to buy GPK just slightly over 27.88, with an upside target of 28.09. The data also tells us to set a stop loss @ 27.81 in case the stock turns against the trade. 27.88 is the first level of resistance above 27.83, and by rule, any break above resistance is a buy signal. In this case, 27.88, 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 GPK slightly near 27.88, target 26.27, Stop Loss @ 27.95. Details

The technical summary data is suggesting a short of GPK if it tests 27.88 with a downside target of 26.27. We should have a stop loss in place at 27.95 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, 27.88, 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  Graphic Packaging Holding Company (GPK) available here: GPK.

GPK Ratings for July 22:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	26.27
P2	27.88	28.09	28.33
P3	28.46	29.13	30.35

AI Generated Signals for GPK

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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  Graphic Packaging Holding Company (NYSE: GPK) data table below can help you with price action, and we have more details too. Trading plans for GPK 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.