When the Price of (GATX) Talks, People Listen

December 01, 2024, 04:00 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GATX

• Buy GATX near 156.01 target n/a stop loss @ 155.56. Details

The technical summary data tells us to buy GATX near 156.01, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 155.56 to protect against excessive loss in case the stock begins to move against the trade. 156.01 is the first level of support below 164.16, and by rule, any test of support is a buy signal. In this case, if support 156.01 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for GATX

• Buy GATX slightly over 168.28, target n/a, Stop Loss @ 167.79 Details

If 168.28 begins to break higher, the technical summary data tells us to buy GATX just slightly over 168.28, with an upside target of n/a. The data also tells us to set a stop loss @ 167.79 in case the stock turns against the trade. 168.28 is the first level of resistance above 164.16, and by rule, any break above resistance is a buy signal. In this case, 168.28, 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 GATX slightly near 168.28, target 161.68, Stop Loss @ 168.77. Details

The technical summary data is suggesting a short of GATX if it tests 168.28 with a downside target of 161.68. We should have a stop loss in place at 168.77 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, 168.28, 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 GATX

• Buy GATX slightly over 166.79, target 168.28, Stop Loss @ 166.4 Details

If 166.79 begins to break higher, the technical summary data tells us to buy GATX just slightly over 166.79, with an upside target of 168.28. The data also tells us to set a stop loss @ 166.4 in case the stock turns against the trade. 166.79 is the first level of resistance above 164.16, and by rule, any break above resistance is a buy signal. In this case, 166.79, 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 166.79, target 163.14, Stop Loss @ 167.18. Details

The technical summary data is suggesting a short of GATX if it tests 166.79 with a downside target of 163.14. We should have a stop loss in place at 167.18 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, 166.79, 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 December 01:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	136.21
P2	163.14	161.68	145.98
P3	166.79	168.28	156.01

AI Generated Signals for GATX

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Gatx Corporation (NASDAQ: GATX) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for GATX can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.