How the price action of Genuine Parts (GPC) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for GPC
  • Buy GPC over 127.78 target 135.68 stop loss @ 127.41 Details
  • The technical summary data tells us to buy GPC near 127.78 with an upside target of 135.68. This data also tells us to set a stop loss @ 127.41 to protect against excessive loss in case the stock begins to move against the trade. 127.78 is the first level of support below 129.17 , and by rule, any test of support is a buy signal. In this case, support 127.78 is being tested, a buy signal would exist.

  • Short GPC under 135.68, target 127.78, stop loss @ 136.07 Details
  • The technical summary data is suggesting a short of GPC as it gets near 135.68 with a downside target of 127.78. We should have a stop loss in place at 136.07though. 135.68 is the first level of resistance above 129.17, and by rule, any test of resistance is a short signal. In this case, if resistance 135.68 is being tested, a short signal would exist.

Swing Trading Plans for GPC
  • Buy GPC over 129.49, target 135.68, Stop Loss @ 129.12 Details
  • If 129.49 begins to break higher, the technical summary data tells us to buy GPC just over 129.49, with an upside target of 135.68. The data also tells us to set a stop loss @ 129.12 in case the stock turns against the trade. 129.49 is the first level of resistance above 129.17, and by rule, any break above resistance is a buy signal. In this case, 129.49, 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 GPC near 129.49, target 127.78, Stop Loss @ 129.86. Details
  • The technical summary data is suggesting a short of GPC if it tests 129.49 with a downside target of 127.78. We should have a stop loss in place at 129.86 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, 129.49, 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 GPC
  • Buy GPC over 129.49, target 135.68, Stop Loss @ 129.19 Details
  • If 129.49 begins to break higher, the technical summary data tells us to buy GPC just over 129.49, with an upside target of 135.68. The data also tells us to set a stop loss @ 129.19 in case the stock turns against the trade. 129.49 is the first level of resistance above 129.17, and by rule, any break above resistance is a buy signal. In this case, 129.49, 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 GPC near 129.49, target 127.78, Stop Loss @ 129.79. Details
  • The technical summary data is suggesting a short of GPC if it tests 129.49 with a downside target of 127.78. We should have a stop loss in place at 129.79 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, 129.49, 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.

GPC Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Neutral Neutral Strong
P1 0 0 119.60
P2 126.49 126.87 127.78
P3 129.49 129.49 135.68

GPC Long Term Analysis for July 22 2021


GPC Swing Trading Analysis for July 22 2021


GPC Day Trading Analysis for July 22 2021

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  Genuine Parts (NYSE: GPC) data table below can help you with price action, and we have more details too. Trading plans for GPC 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.

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