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

January 05, 2024, 05:00 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GPI

• Buy GPI slightly over 268.29 target 288.28 stop loss @ 267.52 Details

The technical summary data tells us to buy GPI near 268.29 with an upside target of 288.28. This data also tells us to set a stop loss @ 267.52 to protect against excessive loss in case the stock begins to move against the trade. 268.29 is the first level of support below 284.08 , and by rule, any test of support is a buy signal. In this case, support 268.29 would be being tested, so a buy signal would exist.

• Short GPI slightly under 288.28, target 268.29, stop loss @ 289.11 Details

The technical summary data is suggesting a short of GPI as it gets near 288.28 with a downside target of 268.29. We should have a stop loss in place at 289.11though. 288.28 is the first level of resistance above 284.08, and by rule, any test of resistance is a short signal. In this case, if resistance 288.28 is being tested, so a short signal would exist.

Swing Trading Plans for GPI

• Buy GPI slightly over 288.28, target 291.14, Stop Loss @ 287.45 Details

If 288.28 begins to break higher, the technical summary data tells us to buy GPI just slightly over 288.28, with an upside target of 291.14. The data also tells us to set a stop loss @ 287.45 in case the stock turns against the trade. 288.28 is the first level of resistance above 284.08, and by rule, any break above resistance is a buy signal. In this case, 288.28, 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 GPI slightly near 288.28, target 268.29, Stop Loss @ 289.11. Details

The technical summary data is suggesting a short of GPI if it tests 288.28 with a downside target of 268.29. We should have a stop loss in place at 289.11 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, 288.28, 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 GPI

• Buy GPI slightly over 288.28, target 290.33, Stop Loss @ 287.61 Details

If 288.28 begins to break higher, the technical summary data tells us to buy GPI just slightly over 288.28, with an upside target of 290.33. The data also tells us to set a stop loss @ 287.61 in case the stock turns against the trade. 288.28 is the first level of resistance above 284.08, and by rule, any break above resistance is a buy signal. In this case, 288.28, 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 GPI slightly near 288.28, target 281.16, Stop Loss @ 288.95. Details

The technical summary data is suggesting a short of GPI if it tests 288.28 with a downside target of 281.16. We should have a stop loss in place at 288.95 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, 288.28, 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  Group 1 Automotive Inc. (GPI) available here: GPI.

GPI Ratings for January 05:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	268.29
P2	281.16	291.14	288.28
P3	290.33	305.74	307.62

AI Generated Signals for GPI

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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  Group 1 Automotive Inc. (NYSE: GPI) data table below can help you with price action, and we have more details too. Trading plans for GPI 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.