Trading (GPK) With Integrated Risk Controls
September 19, 2024, 19:30 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GPK
- Buy GPK near 29.71 target 31.63 stop loss @ 29.62 Details
The technical summary data tells us to buy GPK near 29.71 with an upside target of 31.63. This data also tells us to set a stop loss @ 29.62 to protect against excessive loss in case the stock begins to move against the trade. 29.71 is the first level of support below 30.5 , and by rule, any test of support is a buy signal. In this case, support 29.71 is being tested, a buy signal would exist.
- Short GPK slightly under 31.63, target 29.71, stop loss @ 31.72 Details
The technical summary data is suggesting a short of GPK as it gets near 31.63 with a downside target of 29.71. We should have a stop loss in place at 31.72though. 31.63 is the first level of resistance above 30.5, and by rule, any test of resistance is a short signal. In this case, if resistance 31.63 is being tested, a short signal would exist.
Swing Trading Plans for GPK
- Buy GPK slightly over 30.73, target 31.63, Stop Loss @ 30.64 Details
If 30.73 begins to break higher, the technical summary data tells us to buy GPK just slightly over 30.73, with an upside target of 31.63. The data also tells us to set a stop loss @ 30.64 in case the stock turns against the trade. 30.73 is the first level of resistance above 30.5, and by rule, any break above resistance is a buy signal. In this case, 30.73, 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 GPK slightly near 30.73, target 30.02, Stop Loss @ 30.82. Details
The technical summary data is suggesting a short of GPK if it tests 30.73 with a downside target of 30.02. We should have a stop loss in place at 30.82 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, 30.73, 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 GPK
- Buy GPK slightly over 30.73, target 31.63, Stop Loss @ 30.66 Details
If 30.73 begins to break higher, the technical summary data tells us to buy GPK just slightly over 30.73, with an upside target of 31.63. The data also tells us to set a stop loss @ 30.66 in case the stock turns against the trade. 30.73 is the first level of resistance above 30.5, and by rule, any break above resistance is a buy signal. In this case, 30.73, 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 GPK slightly near 30.73, target 30.46, Stop Loss @ 30.8. Details
The technical summary data is suggesting a short of GPK if it tests 30.73 with a downside target of 30.46. We should have a stop loss in place at 30.8 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, 30.73, 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 Graphic Packaging Holding Company (GPK) available here: GPK.
GPK Ratings for September 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
27.74 |
| P2 |
30.02 |
30.02 |
29.71 |
| P3 |
30.46 |
30.73 |
31.63 |
AI Generated Signals for GPK
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for GPK:
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