Trend Tracker for General Dynamics GD

August 17, 2022, 14:30 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The data for General Dynamics (NYSE: GD) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

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 233.42 target 251.23 stop loss @ 232.75 Details

The technical summary data tells us to buy GD near 233.42 with an upside target of 251.23. This data also tells us to set a stop loss @ 232.75 to protect against excessive loss in case the stock begins to move against the trade. 233.42 is the first level of support below 242.82 , and by rule, any test of support is a buy signal. In this case, support 233.42 is being tested, a buy signal would exist.

• Short GD under 251.23, target 233.42, stop loss @ 251.96 Details

The technical summary data is suggesting a short of GD as it gets near 251.23 with a downside target of 233.42. We should have a stop loss in place at 251.96though. 251.23 is the first level of resistance above 242.82, and by rule, any test of resistance is a short signal. In this case, if resistance 251.23 is being tested, a short signal would exist.

Swing Trading Plans for GD

• Buy GD slightly over 251.23, target n/a, Stop Loss @ 250.5 Details

If 251.23 begins to break higher, the technical summary data tells us to buy GD just slightly over 251.23, with an upside target of n/a. The data also tells us to set a stop loss @ 250.5 in case the stock turns against the trade. 251.23 is the first level of resistance above 242.82, and by rule, any break above resistance is a buy signal. In this case, 251.23, 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 251.23, target 240.79, Stop Loss @ 251.96. Details

The technical summary data is suggesting a short of GD if it tests 251.23 with a downside target of 240.79. We should have a stop loss in place at 251.96 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, 251.23, 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 244.56, target 251.23, Stop Loss @ 243.99 Details

If 244.56 begins to break higher, the technical summary data tells us to buy GD just slightly over 244.56, with an upside target of 251.23. The data also tells us to set a stop loss @ 243.99 in case the stock turns against the trade. 244.56 is the first level of resistance above 242.82, and by rule, any break above resistance is a buy signal. In this case, 244.56, 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 244.56, target 241.87, Stop Loss @ 245.13. Details

The technical summary data is suggesting a short of GD if it tests 244.56 with a downside target of 241.87. We should have a stop loss in place at 245.13 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, 244.56, 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 August 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	216.62
P2	241.87	233.59	233.42
P3	244.56	240.79	251.23

Support and Resistance Plot Chart for GD

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