General Dynamics Corporation Stock Forecast
General Dynamics Corporation stock downgraded to Sell Candidate
(Updated on Apr 24, 2024)
The General Dynamics Corporation stock price fell by -3.97% on the last day (Wednesday, 24th Apr 2024) from $292.72 to $281.11. During the last trading day the stock fluctuated 5.85% from a day low at $274.32 to a day high of $290.37. The price has risen in 6 of the last 10 days but is still down by -3.08% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $1.02 billion.
Given the current short-term trend, the stock is expected to rise 10.08% during the next 3 months and, with a 90% probability hold a price between $309.44 and $331.28 at the end of this 3-month period.
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GD Signals & Forecast
There are few to no technical positive signals at the moment. The General Dynamics Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $286.97 and $283.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -4.77%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for General Dynamics Corporation stock
General Dynamics Corporation finds support from accumulated volume at $268.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $16.05 between high and low, or 5.85%. For the last week the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GD) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect General Dynamics Corporation to open at $281.93, and during the day (based on 14 day Average True Range), to move between $276.23 and $285.99, which gives a possible trading interval of +/-$4.88 (+/-1.74%) up or down from last closing price. If General Dynamics Corporation takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $285.30 (1.49%) than the support at $268.67 (4.43%), 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?
The General Dynamics Corporation stock holds several negative signals and despite the positive trend, we believe General Dynamics Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Sell candidate.
Current score: -4.504 Sell Candidate Downgraded
Predicted Opening Price for General Dynamics Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $281.93 ( 0.292%) | $281.11 |
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 | 297.98 | 6.00 % | |
| R2 | 291.85 | 3.82 % | ||
| R1 | 288.06 | 2.47 % | ||
| Current price: | 281.11 | |||
| Support | S1 | 275.80 | -1.89 % | |
| S2 | 272.01 | -3.24 % | ||
| S3 | 265.88 | -5.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 291.55 | 3.71 % | |
| R2 | 290.54 | 3.35 % | ||
| R1 | 285.30 | 1.49 % | ||
| Current price | 281.11 | |||
| Support | S1 | 268.67 | -4.43% | |
| S2 | 265.86 | -5.42% | ||
| S3 | 265.27 | -5.63% |
GD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Apr 11, 2024 | May 10, 2024 | $1.42 | 0.505% |
| 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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