Technical Analysis

Longer Term Trading Plans for GBX

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short GBX slightly under 44.31, target n/a, stop loss @ 44.44 Details

The technical summary data is suggesting a short of GBX as it gets near 44.31, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 44.44. 44.31 is the first level of resistance above 42.66, and by rule, any test of resistance is a short signal. In this case, if resistance 44.31 is being tested, so a short signal would exist.

Swing Trading Plans for GBX

• Buy GBX slightly over 42.72, target 44.31, Stop Loss @ 42.6 Details

If 42.72 begins to break higher, the technical summary data tells us to buy GBX just over 42.72, with an upside target of 44.31. The data also tells us to set a stop loss @ 42.6 in case the stock turns against the trade. 42.72 is the first level of resistance above 42.66, and by rule, any break above resistance is a buy signal. In this case, 42.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GBX slightly near 42.72, target 40.68, Stop Loss @ 42.84. Details

The technical summary data is suggesting a short of GBX if it tests 42.72 with a downside target of 40.68. We should have a stop loss in place at 42.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 42.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GBX

• Buy GBX slightly over 42.72, target 43.02, Stop Loss @ 42.62 Details

If 42.72 begins to break higher, the technical summary data tells us to buy GBX just over 42.72, with an upside target of 43.02. The data also tells us to set a stop loss @ 42.62 in case the stock turns against the trade. 42.72 is the first level of resistance above 42.66, and by rule, any break above resistance is a buy signal. In this case, 42.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GBX slightly near 42.72, target 42.46, Stop Loss @ 42.82. Details

The technical summary data is suggesting a short of GBX if it tests 42.72 with a downside target of 42.46. We should have a stop loss in place at 42.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 42.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

GBX Technical Summary | Raw Data for the Trading Plans