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Pharmaceuticals Industry Stocks Technical Analysis - GDArchive
- 4/26/2024 -
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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 -4.21 points, or -1.46%, and closed at 284.41 on Friday, April 26, 2024. Weekly volume was 65% above average.
GD is a member of Industrials Sector. Industrials is the second 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 296.50 on April 8, 2024. GD gained -94.15 points, or -46.53%, in 44 weeks. The price is now at the 12.84% retracement level.
 Medium-term trend: [See GD medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 214.53 and reached 296.50 on April 8, 2024. GD gained -81.97 points, or -38.21%, in 26 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (283.42) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See GD weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since July 7, 2023. This is an indication that the medium-term trend is up. 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 April 8, 2024 at 296.50 and reached 274.32 on April 24, 2024. GD lost 22.18 points, or 7.48%, in 16 days. The price is now at the 45.49% retracement level.
Daily Technical Indicators: [See GD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since April 10, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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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