Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>GD stock recovered from the lows of $200 in the past sessions.</a> </li> 
 <li> <span>2</span> <a>Buyers are gaining momentum and looking to overtake the hurdle of $230.</a> </li> 
</ul> 
<p>General Dynamics (GD stock) price has revamped from the support zone of $200 in a trend reversal. Moreover, the chart shows the rising channel with the cultivating gains and surging above the key moving averages in a golden crossover. Furthermore, the stock has escaped a significant trendline of $210.</p> 
<p>The price action showcases that GD stock has corrected from the high of $257 and retested the round mark of $200. Afterwards, buyers continued to accumulate, resulting in a trend reversal on the charts. Moreover, the stock has surpassed the 38.2% Fib level and is neutral at the time of writing. Recently, GD stock released Q2 earnings above the estimates, giving bulls an advantage to spread the recovery toward $230.</p> 
<p>At press time, GD stock price is trading at $226.99 with an intraday gain of 0.59% indicating bullishness. Moreover, the trading volume remained at 1.124 Million, and the market cap is $61.978 Billion. Analysts maintained a buy and outperform rating with an yearly target price of $265.89 suggesting a growth outlook for the near term.</p> 
<p>General Dynamics Corp., a global aerospace and defense company, engages in design, engineering, and manufacturing to deliver state-of-the-art solutions. It operates through the following business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.&nbsp;</p> 
<p>The Aerospace segment designs, manufactures, and sells business jets.&nbsp;</p> 
<p>The Marine systems segment designs and builds nuclear-powered submarines. The Combat Systems segment manufactures land combat solutions. The Technologies segment provides information technology&nbsp;solutions and mission support services.</p> 
<h2 class="wp-block-heading" id="strong-gd-stock-price-action-on-daily-charts-strong"><strong>GD Stock Price Action On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/N2AltNkr1qaZd3Trt3oPgBIzFwZSpJ4oaS1EnyPmLz10oWd9m3BH12HCLQlSD-L3qVeGM21P_iU6uAZgOURqcRN4KKuF3j2wYG9b8YEvgVn5hE4zrfK7lw6Ljvv8eOGvc6QDqls4zIKO1HmY_gYtD9U" alt="General Dynamics (GD) Hailed From $200, Will it Surpass $230?"> 
  <figcaption class="wp-element-caption">
    Source: GD stock price chart at TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, GD stock price chart shows accumulation as it surges above the 200-day EMA. Moreover, the technicals suggest that the stock has ended the correction, is now looking to retain the strength, and is willing to reach highs near $250.</p> 
<p>However, the trajectory indicates that if the price sustains above $230, it will open the door to $237, followed by $245. Conversely, if the stock faces rejection, it would retest the support at $218.</p> 
<h2 class="wp-block-heading" id="strong-short-term-charts-indicates-buyer-dominance-strong"><strong>Short Term Charts Indicates Buyer Dominance</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/lPM5Hxp7aNT2qFVDAfq_XoqZD8mdl-EZ2TQNEB4x1VMJR9b6PEqmpEm5qYRW9thFrUkRkeDKIOBbDZyuTIriaV9UxUBEgXQPP_awRgqTl7tPABuPxrV6gEJppdjSlLH9HhSOUzXNuefqC4YnGjhm63U" alt="General Dynamics (GD) Hailed From $200, Will it Surpass $230?"> 
  <figcaption class="wp-element-caption">
    Source: GD stock price chart at TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the short-term charts, GD stock price is trading close to the neckline of $230, and buyers need to surpass it to extend the momentum.&nbsp;</p> 
<p>The RSI curve stayed in the overbought zone and showed a bullish divergence on the charts indicating a positive outlook on the charts.</p> 
<p>The MACD indicator shows a bearish crossover; the red bars on the histogram indicate mild profit booking in the past sessions.</p> 
<h4 class="wp-block-heading"><strong>Conclusion:</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/11/general-dynamics-stock-price-prediction-will-gd-stock-ascend/" target="_blank" rel="noopener noreferrer nofollow">General Dynamics (GD stock) price</a> has regained momentum and shows fresh trend reversal from the lows of $200. Moreover, the chart shows long buildup activity, as the sellers have started covering their positions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<p>Support Levels: $220 and $215</p> 
<p>Resistance Levels: $230 and $236</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

General Dynamics (GD) Hailed From $200, Will it Surpass $230?

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