Learn to Evaluate Group 1 Automotive ($GPI) using the Charts
June 03, 2023, 10:00 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GPI
- Buy GPI slightly over 223.08 target 245.59 stop loss @ 222.44 Details
The technical summary data tells us to buy GPI near 223.08 with an upside target of 245.59. This data also tells us to set a stop loss @ 222.44 to protect against excessive loss in case the stock begins to move against the trade. 223.08 is the first level of support below 233.62 , and by rule, any test of support is a buy signal. In this case, support 223.08 is being tested, a buy signal would exist.
- Short GPI slightly under 245.59, target 223.08, stop loss @ 246.3 Details
The technical summary data is suggesting a short of GPI as it gets near 245.59 with a downside target of 223.08. We should have a stop loss in place at 246.3though. 245.59 is the first level of resistance above 233.62, and by rule, any test of resistance is a short signal. In this case, if resistance 245.59 is being tested, a short signal would exist.
Swing Trading Plans for GPI
- Buy GPI slightly over 245.59, target n/a, Stop Loss @ 244.88 Details
If 245.59 begins to break higher, the technical summary data tells us to buy GPI just slightly over 245.59, with an upside target of n/a. The data also tells us to set a stop loss @ 244.88 in case the stock turns against the trade. 245.59 is the first level of resistance above 233.62, and by rule, any break above resistance is a buy signal. In this case, 245.59, 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 245.59, target 232.50, Stop Loss @ 246.3. Details
The technical summary data is suggesting a short of GPI if it tests 245.59 with a downside target of 232.50. We should have a stop loss in place at 246.3 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, 245.59, 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 245.59, target n/a, Stop Loss @ 245.02 Details
If 245.59 begins to break higher, the technical summary data tells us to buy GPI just slightly over 245.59, with an upside target of n/a. The data also tells us to set a stop loss @ 245.02 in case the stock turns against the trade. 245.59 is the first level of resistance above 233.62, and by rule, any break above resistance is a buy signal. In this case, 245.59, 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 245.59, target 232.50, Stop Loss @ 246.16. Details
The technical summary data is suggesting a short of GPI if it tests 245.59 with a downside target of 232.50. We should have a stop loss in place at 246.16 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, 245.59, 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 (GPI) available here: GPI.
GPI Ratings for June 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
200.24 |
| P2 |
225.29 |
225.62 |
223.08 |
| P3 |
231.84 |
232.50 |
245.59 |
AI Generated Signals for GPI
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Group 1 Automotive (NYSE: GPI) report below can help you understand how to do this. The trading plans for GPI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GPI:
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