General Dynamics (GD) Trading Report

October 20, 2021, 17:00 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in General Dynamics (NYSE: GD) while incorporating prudent 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.

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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.

Longer Term Trading Plans for GD

• Buy GD slightly over 206.35 target 214.38 stop loss @ 205.75 Details

The technical summary data tells us to buy GD near 206.35 with an upside target of 214.38. This data also tells us to set a stop loss @ 205.75 to protect against excessive loss in case the stock begins to move against the trade. 206.35 is the first level of support below 208.44 , and by rule, any test of support is a buy signal. In this case, support 206.35 is being tested, a buy signal would exist.

• Short GD under 214.38, target 206.35, stop loss @ 215 Details

The technical summary data is suggesting a short of GD as it gets near 214.38 with a downside target of 206.35. We should have a stop loss in place at 215though. 214.38 is the first level of resistance above 208.44, and by rule, any test of resistance is a short signal. In this case, if resistance 214.38 is being tested, a short signal would exist.

Swing Trading Plans for GD

• Buy GD slightly over 211.36, target 214.38, Stop Loss @ 210.75 Details

If 211.36 begins to break higher, the technical summary data tells us to buy GD just slightly over 211.36, with an upside target of 214.38. The data also tells us to set a stop loss @ 210.75 in case the stock turns against the trade. 211.36 is the first level of resistance above 208.44, and by rule, any break above resistance is a buy signal. In this case, 211.36, 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 near 211.36, target 208.30, Stop Loss @ 211.97. Details

The technical summary data is suggesting a short of GD if it tests 211.36 with a downside target of 208.30. We should have a stop loss in place at 211.97 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, 211.36, 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 210.27, target 211.36, Stop Loss @ 209.78 Details

If 210.27 begins to break higher, the technical summary data tells us to buy GD just slightly over 210.27, with an upside target of 211.36. The data also tells us to set a stop loss @ 209.78 in case the stock turns against the trade. 210.27 is the first level of resistance above 208.44, and by rule, any break above resistance is a buy signal. In this case, 210.27, 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 near 210.27, target 208.30, Stop Loss @ 210.76. Details

The technical summary data is suggesting a short of GD if it tests 210.27 with a downside target of 208.30. We should have a stop loss in place at 210.76 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, 210.27, 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.

GD Ratings for October 20:

Support and Resistance Plot Chart for GD

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