(GPI) Investment Analysis

October 08, 2024, 08:30 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GPI

• Buy GPI near 350.77 target 381.57 stop loss @ 349.76 Details

The technical summary data tells us to buy GPI near 350.77 with an upside target of 381.57. This data also tells us to set a stop loss @ 349.76 to protect against excessive loss in case the stock begins to move against the trade. 350.77 is the first level of support below 358.76 , and by rule, any test of support is a buy signal. In this case, support 350.77 is being tested, a buy signal would exist.

• Short GPI slightly under 381.57, target 350.77, stop loss @ 382.67 Details

The technical summary data is suggesting a short of GPI as it gets near 381.57 with a downside target of 350.77. We should have a stop loss in place at 382.67though. 381.57 is the first level of resistance above 358.76, and by rule, any test of resistance is a short signal. In this case, if resistance 381.57 is being tested, a short signal would exist.

Swing Trading Plans for GPI

• Buy GPI slightly over 359.3, target 371.82, Stop Loss @ 358.26 Details

If 359.3 begins to break higher, the technical summary data tells us to buy GPI just slightly over 359.3, with an upside target of 371.82. The data also tells us to set a stop loss @ 358.26 in case the stock turns against the trade. 359.3 is the first level of resistance above 358.76, and by rule, any break above resistance is a buy signal. In this case, 359.3, 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 359.3, target 350.77, Stop Loss @ 360.34. Details

The technical summary data is suggesting a short of GPI if it tests 359.3 with a downside target of 350.77. We should have a stop loss in place at 360.34 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, 359.3, 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 359.3, target 361.05, Stop Loss @ 358.46 Details

If 359.3 begins to break higher, the technical summary data tells us to buy GPI just slightly over 359.3, with an upside target of 361.05. The data also tells us to set a stop loss @ 358.46 in case the stock turns against the trade. 359.3 is the first level of resistance above 358.76, and by rule, any break above resistance is a buy signal. In this case, 359.3, 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 359.3, target 354.21, Stop Loss @ 360.14. Details

The technical summary data is suggesting a short of GPI if it tests 359.3 with a downside target of 354.21. We should have a stop loss in place at 360.14 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, 359.3, 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 October 08:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	320.4
P2	354.21	359.3	350.77
P3	361.05	371.82	381.57

AI Generated Signals for GPI

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With an objective approach to Group 1 Automotive Inc. (NYSE: GPI), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GPI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GPI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GPI too.  All of these are offered below the Summary Table.