Trading Gentex GNTX With Integrated Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for GNTX
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short GNTX under 34.30, target n/a, stop loss @ 34.4 Details
  • The technical summary data is suggesting a short of GNTX as it gets near 34.30, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 34.4. 34.30 is the first level of resistance above 32.19, and by rule, any test of resistance is a short signal. In this case, if resistance 34.30 is being tested, so a short signal would exist.

Swing Trading Plans for GNTX
  • Buy GNTX over 34.30, target 37.23, Stop Loss @ 34.2 Details
  • If 34.30 begins to break higher, the technical summary data tells us to buy GNTX just over 34.30, with an upside target of 37.23. The data also tells us to set a stop loss @ 34.2 in case the stock turns against the trade. 34.30 is the first level of resistance above 32.19, and by rule, any break above resistance is a buy signal. In this case, 34.30, 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 GNTX near 34.30, target 32.19, Stop Loss @ 34.4. Details
  • The technical summary data is suggesting a short of GNTX if it tests 34.30 with a downside target of 32.19. We should have a stop loss in place at 34.4 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, 34.30, 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 GNTX
  • Buy GNTX over 32.27, target 34.30, Stop Loss @ 32.19 Details
  • If 32.27 begins to break higher, the technical summary data tells us to buy GNTX just over 32.27, with an upside target of 34.30. The data also tells us to set a stop loss @ 32.19 in case the stock turns against the trade. 32.27 is the first level of resistance above 32.19, and by rule, any break above resistance is a buy signal. In this case, 32.27, 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 GNTX near 32.27, target 31.36, Stop Loss @ 32.35. Details
  • The technical summary data is suggesting a short of GNTX if it tests 32.27 with a downside target of 31.36. We should have a stop loss in place at 32.35 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, 32.27, 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.

GNTX Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Neutral Strong
P1 0 0 34.30
P2 31.36 31.35 37.23
P3 32.27 32.19 40.31

GNTX Long Term Analysis for July 22 2021


GNTX Swing Trading Analysis for July 22 2021


GNTX Day Trading Analysis for July 22 2021

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 Gentex (NASDAQ: GNTX) report below can help you, but we have more details too. The trading plans for GNTX, 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.

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