When (GPI) Moves Investors should Listen
June 18, 2024, 22:54 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GPI
- Buy GPI slightly over 297.48 target 318.26 stop loss @ 296.62 Details
The technical summary data tells us to buy GPI near 297.48 with an upside target of 318.26. This data also tells us to set a stop loss @ 296.62 to protect against excessive loss in case the stock begins to move against the trade. 297.48 is the first level of support below 308.44 , and by rule, any test of support is a buy signal. In this case, support 297.48 is being tested, a buy signal would exist.
- Short GPI slightly under 318.26, target 297.48, stop loss @ 319.18 Details
The technical summary data is suggesting a short of GPI as it gets near 318.26 with a downside target of 297.48. We should have a stop loss in place at 319.18though. 318.26 is the first level of resistance above 308.44, and by rule, any test of resistance is a short signal. In this case, if resistance 318.26 is being tested, a short signal would exist.
Swing Trading Plans for GPI
- Buy GPI slightly over 310.92, target 318.26, Stop Loss @ 310.02 Details
If 310.92 begins to break higher, the technical summary data tells us to buy GPI just slightly over 310.92, with an upside target of 318.26. The data also tells us to set a stop loss @ 310.02 in case the stock turns against the trade. 310.92 is the first level of resistance above 308.44, and by rule, any break above resistance is a buy signal. In this case, 310.92, 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 310.92, target 300.52, Stop Loss @ 311.82. Details
The technical summary data is suggesting a short of GPI if it tests 310.92 with a downside target of 300.52. We should have a stop loss in place at 311.82 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, 310.92, 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 309.98, target 310.92, Stop Loss @ 309.26 Details
If 309.98 begins to break higher, the technical summary data tells us to buy GPI just slightly over 309.98, with an upside target of 310.92. The data also tells us to set a stop loss @ 309.26 in case the stock turns against the trade. 309.98 is the first level of resistance above 308.44, and by rule, any break above resistance is a buy signal. In this case, 309.98, 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 309.98, target 302.96, Stop Loss @ 310.7. Details
The technical summary data is suggesting a short of GPI if it tests 309.98 with a downside target of 302.96. We should have a stop loss in place at 310.7 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, 309.98, 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 June 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
276.17 |
| P2 |
302.96 |
300.52 |
297.48 |
| P3 |
309.98 |
310.92 |
318.26 |
AI Generated Signals for GPI
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Group 1 Automotive Inc. (NYSE: GPI) report below is a real world example. Included are trading plans for GPI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GPI:
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