BIT:GM - Euronext Milan - IT0005531261 - Common Stock - Currency: EUR
Taking everything into account, GM scores 0 out of 10 in our technical rating. GM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, GM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.33. Right above this resistance zone may be a good entry point.
2.16
We found 1 important support area.
When analyzing the resistance we notice 3 important areas.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
Indicator | Value | Signal | Comment |
---|---|---|---|
ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GM.MI is down. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GM.MI is down. |
ChartMill Relative Strength | 0 | NEGATIVE | GM.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GM.MI is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GM.MI is below a declining SMA(50). |
Relative Strength Index/RSI (14) | 38.07 | NEUTRAL | The RSI value for GM.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GM.MI has a positive trend. |
Stochastics (14,3) | 32.65 | NEUTRAL | The Stochastics value for GM.MI is a neutral value. |
Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for GM.MI suggests some volalility. |
Average Directional Index/ADX (14) | 36.55 | POSITIVE | The high ADX value value for GM.MI suggests a strong trend. |
BIT:GM (7/16/2025, 7:00:00 PM)
2.23
-0.06 (-2.62%)