General Dynamics Corporation Stock Forecast
Green day on Monday for General Dynamics Corporation
(Updated on Apr 22, 2024)
The General Dynamics Corporation stock price gained 0.93% on the last trading day (Monday, 22nd Apr 2024), rising from $288.62 to $291.31. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.62% from a day low at $288.05 to a day high of $292.71. The price has risen in 6 of the last 10 days but is still down by -0.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 143 thousand more shares were traded than the day before. In total, 830 thousand shares were bought and sold for approximately $241.68 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.98% during the next 3 months and, with a 90% probability hold a price between $309.73 and $333.44 at the end of this 3-month period.
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GD Signals & Forecast
The General Dynamics Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $286.80 and $282.70. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -1.31%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for General Dynamics Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $265.86 and $265.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, General Dynamics Corporation finds support just below today's level at $265.86. If this is broken, then the next support from accumulated volume will be at $265.27 and $261.18.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.66 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: $279.03 (-4.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (GD) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect General Dynamics Corporation to open at $290.69, and during the day (based on 14 day Average True Range), to move between $287.41 and $295.21, which gives a possible trading interval of +/-$3.90 (+/-1.34%) up or down from last closing price. If General Dynamics Corporation takes out the full calculated possible swing range there will be an estimated 2.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $291.55 (0.08%) than the support at $265.86 (8.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
General Dynamics Corporation will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.95. We will update the financials statements for General Dynamics Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.94% in the first trading day after earnings release.
Is General Dynamics Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for General Dynamics Corporation stock to perform well in the short-term.
Current score: 4.662 Buy Candidate Unchanged
Predicted Opening Price for General Dynamics Corporation of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $290.69 ( 0.213%) | $291.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 295.35 | 1.39 % | |
| R2 | 293.57 | 0.776 % | ||
| R1 | 292.47 | 0.398 % | ||
| Current price: | 291.31 | |||
| Support | S1 | 288.91 | -0.82 % | |
| S2 | 287.81 | -1.20 % | ||
| S3 | 286.02 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 293.22 | 0.656 % | |
| R2 | 291.69 | 0.130 % | ||
| R1 | 291.55 | 0.0824 % | ||
| Current price | 291.31 | |||
| Support | S1 | 265.86 | -8.74% | |
| S2 | 265.27 | -8.94% | ||
| S3 | 261.18 | -10.34% |
GD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Apr 11, 2024 | May 10, 2024 | $1.42 | 0.487% |
| 2 | Dec 06, 2023 | Jan 18, 2024 | Feb 09, 2024 | $1.32 | 0.489% |
| 3 | Aug 01, 2023 | Oct 05, 2023 | Nov 10, 2023 | $1.32 | 0.542% |
| 4 | Jun 07, 2023 | Jul 06, 2023 | Aug 11, 2023 | $1.32 | 0.582% |
| 5 | Mar 08, 2023 | Apr 13, 2023 | May 12, 2023 | $1.32 | 0.629% |
FAQ
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