General Dynamics Corporation Stock Forecast
Green day on Wednesday for General Dynamics Corporation
(Updated on Mar 27, 2024)
The General Dynamics Corporation stock price gained 1.28% on the last trading day (Wednesday, 27th Mar 2024), rising from $278.35 to $281.90. During the last trading day the stock fluctuated 1.07% from a day low at $278.95 to a day high of $281.93. The price has been going up and down for this period, and there has been a 2.38% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 345 thousand more shares were traded than the day before. In total, 746 thousand shares were bought and sold for approximately $210.26 million.
The stock lies in the middle of a narrow and 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 11.79% during the next 3 months and, with a 90% probability hold a price between $303.57 and $318.63 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 $280.57 and $273.98. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, March 20, 2024, and so far it has fallen -0.230%. Further fall is indicated until a new bottom pivot has been found.
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 $2.99 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 0.98%.
Our recommended stop-loss: $271.73 (-3.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (GD) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect General Dynamics Corporation to open at $280.93, and during the day (based on 14 day Average True Range), to move between $278.87 and $284.93, which gives a possible trading interval of +/-$3.03 (+/-1.07%) up or down from last closing price. If General Dynamics Corporation takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $282.55 (0.23%) than the support at $265.86 (5.69%), 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.
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: 4.634 Buy Candidate Unchanged
Predicted Opening Price for General Dynamics Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$280.93 ( 0.346%) | $281.90 |
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 | 283.91 | 0.713 % | |
R2 | 282.77 | 0.309 % | ||
R1 | 282.07 | 0.0586 % | ||
Current price: | 281.90 | |||
Support | S1 | 279.78 | -0.750 % | |
S2 | 279.08 | -1.00 % | ||
S3 | 277.94 | -1.40 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 282.55 | 0.231 % | ||
Current price | 281.90 | |||
Support | S1 | 265.86 | -5.69% | |
S2 | 265.27 | -5.90% | ||
S3 | 261.18 | -7.35% |
GD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 06, 2024 | Apr 11, 2024 | May 10, 2024 | $1.42 | 0.504% |
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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