Gentex $GNTX Technical Update – Stock Traders Daily

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Gentex $GNTX Technical Update

The Gentex (NASDAQ: GNTX) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for GNTX, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Neutral Neutral
P1 22.82 22.18 22.18
P2 23.07 23.51 23.91
P3 23.49 24.77 25.54

Long Term Trading Plans for GNTX

September 16, 2018, 7:45 am ET

The Technical Summary and Trading Plans for GNTX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GNTX Report.

GNTX – (Long) Support Plan

Buy over 22.18 target 23.91 stop loss @ 21.92.
The technical summary data tells us to buy GNTX near 22.18 with an upside target of 23.91. This data also tells us to set a stop loss @ 21.92 to protect against excessive loss in case the stock begins to move against the trade. 22.18 is the first level of support below 23.07 , and by rule, any test of support is a buy signal. In this case, support 22.18 would be being tested, so a buy signal would exist.

GNTX – (Short) Resistance Plan

Short under 23.91 target 22.18 stop loss @ 24.17.
The technical summary data is suggesting a short of GNTX as it gets near 23.91 with a downside target of 22.18. We should have a stop loss in place at 24.17 though. 23.91 is the first level of resistance above 23.07, and by rule, any test of resistance is a short signal. In this case, if resistance 23.91 is being tested, so a short signal would exist.

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