General Dynamics GD Trading Advice

June 26, 2022, 10:15 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in General Dynamics (NYSE: GD) while incorporating prudent risk controls.

Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GD 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 GD too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for GD

• Buy GD slightly over 220.29 target 234.32 stop loss @ 219.65 Details

The technical summary data tells us to buy GD near 220.29 with an upside target of 234.32. This data also tells us to set a stop loss @ 219.65 to protect against excessive loss in case the stock begins to move against the trade. 220.29 is the first level of support below 222.33 , and by rule, any test of support is a buy signal. In this case, support 220.29 would be being tested, so a buy signal would exist.

• Short GD under 234.32, target 220.29, stop loss @ 235 Details

The technical summary data is suggesting a short of GD as it gets near 234.32 with a downside target of 220.29. We should have a stop loss in place at 235though. 234.32 is the first level of resistance above 222.33, and by rule, any test of resistance is a short signal. In this case, if resistance 234.32 is being tested, so a short signal would exist.

Swing Trading Plans for GD

• Buy GD slightly over 234.32, target 249.31, Stop Loss @ 233.64 Details

If 234.32 begins to break higher, the technical summary data tells us to buy GD just slightly over 234.32, with an upside target of 249.31. The data also tells us to set a stop loss @ 233.64 in case the stock turns against the trade. 234.32 is the first level of resistance above 222.33, and by rule, any break above resistance is a buy signal. In this case, 234.32, 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 GD near 234.32, target 220.29, Stop Loss @ 235. Details

The technical summary data is suggesting a short of GD if it tests 234.32 with a downside target of 220.29. We should have a stop loss in place at 235 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, 234.32, 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 GD

• Buy GD slightly over 234.32, target 249.31, Stop Loss @ 233.77 Details

If 234.32 begins to break higher, the technical summary data tells us to buy GD just slightly over 234.32, with an upside target of 249.31. The data also tells us to set a stop loss @ 233.77 in case the stock turns against the trade. 234.32 is the first level of resistance above 222.33, and by rule, any break above resistance is a buy signal. In this case, 234.32, 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 GD near 234.32, target 220.29, Stop Loss @ 234.87. Details

The technical summary data is suggesting a short of GD if it tests 234.32 with a downside target of 220.29. We should have a stop loss in place at 234.87 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, 234.32, 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.

GD Ratings for June 26:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	220.29
P2	213.87	205.64	234.32
P3	219.94	214.97	249.31

Support and Resistance Plot Chart for GD

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