How To Trade (GD)

October 30, 2024, 00:02 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GD

• Buy GD near 296.41 target 309.3 stop loss @ 295.55 Details

The technical summary data tells us to buy GD near 296.41 with an upside target of 309.3. This data also tells us to set a stop loss @ 295.55 to protect against excessive loss in case the stock begins to move against the trade. 296.41 is the first level of support below 301.75 , and by rule, any test of support is a buy signal. In this case, support 296.41 would be being tested, so a buy signal would exist.

• Short GD slightly under 309.3, target 296.41, stop loss @ 310.19 Details

The technical summary data is suggesting a short of GD as it gets near 309.3 with a downside target of 296.41. We should have a stop loss in place at 310.19though. 309.3 is the first level of resistance above 301.75, and by rule, any test of resistance is a short signal. In this case, if resistance 309.3 is being tested, so a short signal would exist.

Swing Trading Plans for GD

• Buy GD slightly over 307.61, target 309.3, Stop Loss @ 306.72 Details

If 307.61 begins to break higher, the technical summary data tells us to buy GD just slightly over 307.61, with an upside target of 309.3. The data also tells us to set a stop loss @ 306.72 in case the stock turns against the trade. 307.61 is the first level of resistance above 301.75, and by rule, any break above resistance is a buy signal. In this case, 307.61, 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 GD slightly near 307.61, target 301.34, Stop Loss @ 308.5. Details

The technical summary data is suggesting a short of GD if it tests 307.61 with a downside target of 301.34. We should have a stop loss in place at 308.5 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, 307.61, 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 GD

• Buy GD slightly over 302.82, target 304.67, Stop Loss @ 302.11 Details

If 302.82 begins to break higher, the technical summary data tells us to buy GD just slightly over 302.82, with an upside target of 304.67. The data also tells us to set a stop loss @ 302.11 in case the stock turns against the trade. 302.82 is the first level of resistance above 301.75, and by rule, any break above resistance is a buy signal. In this case, 302.82, 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 GD slightly near 302.82, target 301.34, Stop Loss @ 303.53. Details

The technical summary data is suggesting a short of GD if it tests 302.82 with a downside target of 301.34. We should have a stop loss in place at 303.53 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, 302.82, 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 General Dynamics Corporation (GD) available here: GD.

GD Ratings for October 30:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	296.41
P2	302.82	301.34	309.3
P3	304.67	307.61	322.1

AI Generated Signals for GD

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This report provides trading strategies for General Dynamics Corporation (NYSE: GD) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GD 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 GD 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 GD too.  All of these are offered below the Summary Table.