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Archive
- 12/13/2024 -
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General Dynamics (GD) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the General Dynamics (GD). During the week, the GD dropped -8.70 points, or -3.20%, and closed at 263.10 on Friday, December 13, 2024. Weekly volume was 104% above average.
GD is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See GD long-term trend chart]
A long-term uptrend had started on May 30, 2023 at 202.35 and reached 316.90 on November 13, 2024. GD gained -114.55 points, or -56.61%, in 76 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (302.55) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GD may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See GD medium-term trend chart]
A medium-term downtrend had started on November 13, 2024 at 316.90 and reached 257.30 on December 12, 2024. GD lost 59.60 points, or 18.81%, in 4 weeks. The price is now at the 9.73% retracement level.
 Weekly Technical Indicators: [See GD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since June 7, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See GD short-term trend chart]
A short-term downtrend had started on November 27, 2024 at 286.00 and reached 257.30 on December 12, 2024. GD lost 28.70 points, or 10.03%, in 15 days. The price is now at the 20.21% retracement level.
 Daily Technical Indicators: [See GD daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since November 14, 2024. This is an indication that the short-term trend is down.
The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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