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Uptrend ExhaustionArchive
- 4/5/2024 -
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General Dynamics (GD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth consecutive positive week for the General Dynamics (GD). During the week, the GD gained 12.69 points, or 4.49%, and closed at 295.18 on Friday, April 5, 2024. It was the best weekly gain since January 26, 2024. Weekly volume was 30% 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 295.45 on April 5, 2024. GD gained -93.10 points, or -46.01%, in 44 weeks. Price is near the trend high.
 Medium-term trend: [See GD medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 214.53 and reached 295.45 on April 5, 2024. GD gained -80.92 points, or -37.72%, in 26 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (266.41) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See GD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range 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 uptrend had started on January 18, 2024 at 247.36 and reached 295.45 on April 5, 2024. GD gained -48.09 points, or -19.44%, in 78 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (282.62) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See GD daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since March 26, 2024. This is an indication that the short-term trend is up.
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