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Is GPC setting up for a drop? Shooting Star Candlestick shows up after declining 1.07%
GPC finished lower by 1.07% on Wednesday, June 17th, trading 2.0 times its typical volume. Multiple bearish signals emerged — Shooting Star, Shooting Star Candlestick, Stochastic Sell Signal & Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 104.54, 102.97 & 100.45, with resistance at 108.63, 111.15 & 112.72. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of GPC: C
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