Trading (GATX) With Integrated Risk Controls
October 08, 2024, 07:54 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GATX
- Buy GATX near 133.1 target 141.93 stop loss @ 132.72 Details
The technical summary data tells us to buy GATX near 133.1 with an upside target of 141.93. This data also tells us to set a stop loss @ 132.72 to protect against excessive loss in case the stock begins to move against the trade. 133.1 is the first level of support below 133.25 , and by rule, any test of support is a buy signal. In this case, support 133.1 would be being tested, so a buy signal would exist.
- Short GATX slightly under 141.93, target 133.1, stop loss @ 142.34 Details
The technical summary data is suggesting a short of GATX as it gets near 141.93 with a downside target of 133.1. We should have a stop loss in place at 142.34though. 141.93 is the first level of resistance above 133.25, and by rule, any test of resistance is a short signal. In this case, if resistance 141.93 is being tested, so a short signal would exist.
Swing Trading Plans for GATX
- Buy GATX slightly over 141.93, target 150.68, Stop Loss @ 141.52 Details
If 141.93 begins to break higher, the technical summary data tells us to buy GATX just slightly over 141.93, with an upside target of 150.68. The data also tells us to set a stop loss @ 141.52 in case the stock turns against the trade. 141.93 is the first level of resistance above 133.25, and by rule, any break above resistance is a buy signal. In this case, 141.93, 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 GATX slightly near 141.93, target 133.1, Stop Loss @ 142.34. Details
The technical summary data is suggesting a short of GATX if it tests 141.93 with a downside target of 133.1. We should have a stop loss in place at 142.34 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, 141.93, 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 GATX
- Buy GATX slightly over 141.93, target 150.68, Stop Loss @ 141.6 Details
If 141.93 begins to break higher, the technical summary data tells us to buy GATX just slightly over 141.93, with an upside target of 150.68. The data also tells us to set a stop loss @ 141.6 in case the stock turns against the trade. 141.93 is the first level of resistance above 133.25, and by rule, any break above resistance is a buy signal. In this case, 141.93, 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 GATX slightly near 141.93, target 133.1, Stop Loss @ 142.26. Details
The technical summary data is suggesting a short of GATX if it tests 141.93 with a downside target of 133.1. We should have a stop loss in place at 142.26 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, 141.93, 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 Gatx Corporation (GATX) available here: GATX.
GATX Ratings for October 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
133.1 |
| P2 |
128.12 |
126.24 |
141.93 |
| P3 |
130.69 |
129.43 |
150.68 |
AI Generated Signals for GATX
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for GATX:
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