GD closes lower for the 3rd day in a row
Moving lower for the 3rd day in a row, GD finished the week -1.17% lower at 191.81 after losing $0.76 (-0.39%) today on low volume. Today's closing price of 191.81 marks the lowest close since July 16th. Closing below Thursday's low at 192.40, the stock confirms its breakout through the previous session's low having traded $1.74 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $2.11 (1.1%), that's below last trading month's daily average range of $3.44. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to the key resistance level at 192.78.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for General Dynamics
|Close to R1 Resistance||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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