Trend Tracker for (GPI)

January 02, 2025, 02:20 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GPI

• Buy GPI near 412.04 target 441.81 stop loss @ 410.85 Details

The technical summary data tells us to buy GPI near 412.04 with an upside target of 441.81. This data also tells us to set a stop loss @ 410.85 to protect against excessive loss in case the stock begins to move against the trade. 412.04 is the first level of support below 421.48 , and by rule, any test of support is a buy signal. In this case, support 412.04 is being tested, a buy signal would exist.

• Short GPI slightly under 441.81, target 412.04, stop loss @ 443.09 Details

The technical summary data is suggesting a short of GPI as it gets near 441.81 with a downside target of 412.04. We should have a stop loss in place at 443.09though. 441.81 is the first level of resistance above 421.48, and by rule, any test of resistance is a short signal. In this case, if resistance 441.81 is being tested, a short signal would exist.

Swing Trading Plans for GPI

• Buy GPI slightly over 425.11, target 441.81, Stop Loss @ 423.88 Details

If 425.11 begins to break higher, the technical summary data tells us to buy GPI just slightly over 425.11, with an upside target of 441.81. The data also tells us to set a stop loss @ 423.88 in case the stock turns against the trade. 425.11 is the first level of resistance above 421.48, and by rule, any break above resistance is a buy signal. In this case, 425.11, 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 425.11, target 415.7, Stop Loss @ 426.34. Details

The technical summary data is suggesting a short of GPI if it tests 425.11 with a downside target of 415.7. We should have a stop loss in place at 426.34 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, 425.11, 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 424.78, target 425.11, Stop Loss @ 423.79 Details

If 424.78 begins to break higher, the technical summary data tells us to buy GPI just slightly over 424.78, with an upside target of 425.11. The data also tells us to set a stop loss @ 423.79 in case the stock turns against the trade. 424.78 is the first level of resistance above 421.48, and by rule, any break above resistance is a buy signal. In this case, 424.78, 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 424.78, target 419.12, Stop Loss @ 425.77. Details

The technical summary data is suggesting a short of GPI if it tests 424.78 with a downside target of 419.12. We should have a stop loss in place at 425.77 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, 424.78, 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 02:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	381.16
P2	419.12	415.7	412.04
P3	424.78	425.11	441.81

AI Generated Signals for GPI

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The data for Group 1 Automotive Inc. (NYSE: GPI) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

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.