If we close the week below $265 we may head towards $190/$200Join us for a post-Monday market close update on General Dynamics (GD) as the bearish outlook persists. Stay tuned for insights into potential market corrections and the implications for GD going forward!
In this analysis, we delve into the technical aspects of General Dynamics (GD), focusing on potential price movements and key levels to watch. With a ceiling possibly at $280 and a maximum target of $300, we explore the intricacies of the daily timeframe, highlighting potential correction zones and crucial support levels. Stay tuned for valuable insights into GD's...
Possible Fakeout to Expanded flat Correction on General Dynamics - Ticker GD
They have done well but seem to be at the peak of a higher order wave 5.
If we don't hold above $260-$270 by March 1st I expect GD to become bearish until $180-$200
All indicators show that the price is inflated. If the price sticks to the Bollinger upper band, it frees itself from the band, there is a possibility of falling to 22 exponential average. The other average is 50 exponential.
Short GD through a put. After a strong spike to the upside, over reactionary, I believe price should fill the lower gap.
Buy NYSE:GD Nov-17-23 240 Puts @ 1.45 Limit to Open
A price action 222.00 supports a bullish trend direction.
The bullish trend might increase in strength above 225.00.
The first target price is set at 229.00
The second target price is set at 239.00.
The stop-loss price is set at 218.00.
Testing its 200-day simple moving average. Crossing above its 200-day might set the long-term trend as bullish.
Remains a risky trade.
There is strong demand for artillery shells. The US army is planning to expand production of these shells six fold. Especially the output of the 155mm rounds which have been "critical for Ukriane in the ongoing counteroffensive" (Washington Post, 2023). Army secretary Christine Wormuth said the US is moving "as fast as humanly possible" to speed up production....
Great sell opportunity to take GD profits off of the table.
Short term late 2022 to present fibonacci level of .618 = $228 is a strong resistance level. I see $200 coming as a psych support level and eventually $150-$160.
Fully bearish starting on this new monthly close!
Very nice looking setup in $GD here, likely correlated to oil stocks here as a big chunk of their revenue proceeds from their marine division (and oil tankers).
Overall a nice play considering macro here.
Best of luck!
Cheers,
Ivan Labrie.
General Dynamics has a strong track record of market-beating returns.
It has a very strong backlog and recently won a number of contracts with the U.S. military.
The recent dip in price presents an opportunity for long-term dividend growth investors.
General Dynamics offers a diversified portfolio of defense assets with significant growth potential, and should...
The PEAD projected a Bullish outlook for $GD after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 25%.
Supposedly the earnings whisper number is better than expected, I am convinced industrials stand to benefit with war, like it or not. We have just had a nice gap fill down on a pull back leaving a gap above. Will earnings and sentiment help take us to the upside? We have buyers coming in with significant strength.
Technical analysis:
- Cup and handle pattern
- Stock holding up well against SPY and QQQ sell off
- Price above 200 MA
- Strong uptrend observed
Fundamentals:
- Anti-cyclical business model and the ability to generate high free cash flow
- The company is benefiting from high demand and improved supply chain, leading to increased revenue. Demand stems from...
One of my favourite stocks, and one of the Dividend Aristocrats.
A nice structure - a larger cup and handle, and the smaller one, small handle is in process.
Good luck!
The PEAD projected a Bullish outlook for $GD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 8.33%.
Confluence seen in defense sector stocks, quite a number breaking out / setting up at the same time.
One of them is $GD. Trading near all time highs after breaking out from big multi month base. Price now tightening up above the 10 day moving average.
