GD - General Dynamics Corporation

Industry: Aerospace/Defense Products & Services Sector: Industrial Goods Exchange: NYSE

Thu 19'th Oct 2017

PERIOD 2017-07-20 - 2017-10-19
CHANGE 0.59%
PRICE $211.64
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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General Dynamics Corporation Stock Analysis

Technical stock analysis for Thu 19'th Oct 2017

Buy candidate since 2017-10-18 Gain 0.59%

General Dynamics Corporation gained 0.59% in the last trading day, rising from $210.39 to $211.64 The price has been going up and down for this period, and there has been a -0.85% loss for the last 2 weeks. Volume fell in the last day by -271 155 shares, and in total, 674 486 shares bought and sold for approximately $142.75 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

General Dynamics Corporation lies in the middle of a weak 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 7.24% during the next 3 months and, with 90% probability hold a price between $217.45 and $230.41 at the end of this period.

Signals

Only positive signals in the chart today. General Dynamics Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $212.41. On a fall, the stock will find some support from the long-term average at approximately $205.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday October 18, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Monday August 14, 2017 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 68 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $198.73 and $194.66. On the upside the stock meets some resistance just above today's level from accumulated volume at $212.60, $213.34 and $213.45.

There is 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 $198.73. If this is broken, then the next support from accumulated volume will be at $194.66 and $193.84. The stock is about to test the resistance from accumulated volume at $212.60 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $198.73 Price: $211.64 Resistance: $212.60

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.24 (1.07%) between high and low. For the last week, the stock has had a daily average volatility of 0.97%.

Our recommended stoploss: $200.86 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

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