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Watch Out for This NYSE- Listed Defense Stock: General Dynamics Corporation

Apr 19, 2023 | Team Kalkine
Watch Out for This NYSE- Listed Defense Stock: General Dynamics Corporation

Section 1: Company Fundamentals

1.1 Company Overview and Performance summary

Company Overview:

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions, and technology products and services.

This Report covers the Company Overview & Price performance, Summary table, Company details, Technical guidance & Stock recommendation, and Price chart.

Price Performance:

  • GD's share price has increased by 41% over the last month. However, over the long term, the stock has corrected by 5.69% over the past year.
  • The stock is leaning towards the higher band of its 52-week range of USD 86 and 52-week low price of USD 207.42, with the current price near a decent resistance zone of USD 230- USD 240.
  • The price is currently between both its short-term (50-day) SMA and long-term (200-day) SMA, with the current RSI of around 56.12.

1.2 Summary Table

Section 2: General Dynamics Corporation (“Watch” at the current market price of USD 229.95 as of April 19, 2023, at 06:45 am PDT)

2.1 Company Details

2.2 Technical Guidance and Stock Recommendation

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is April 19, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

 Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

 Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.


Disclaimer-

Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.

Kalkine Media LLC, an affiliate of Kalkine Equities LLC, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.