GENERAL MOTORS CO (GM) Stock Technical Analysis
USA - NYSE:GM - US37045V1008 - Common Stock
Taking everything into account, GM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GM is showing a nice and steady performance.
Although GM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
47.04
When analyzing the support we can see 4 important areas.
- A support zone ranging from 68.67 to 69.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.70 from a trend line in the weekly time frame.
- Support @55.39 from a trend line in the daily time frame.
- Support @47.52 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for GM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GM is up. |
| ChartMill Relative Strength | 86.9 | POSITIVE | GM has a high relative strength, it outperformed 86.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.05 | OVERBOUGHT | The high RSI value suggests GM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.82 | POSITIVE | The MACD value suggests GM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.98 | OVERBOUGHT | The high Stochastics value suggests GM may be overbought. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for GM suggests some volalility. |
| Average Directional Index/ADX (14) | 41.14 | POSITIVE | The high ADX value value for GM suggests a strong trend. |
69.09
+0.42 (+0.61%)
GENERAL MOTORS CO / GM FAQ
What is the ChartMill technical rating of GENERAL MOTORS CO (GM) stock?
ChartMill assigns a technical rating of 10 / 10 to GM.
What is the trend direction for GM stock?
The current trend direction for GENERAL MOTORS CO (GM) is Bullish.
What is the RSI signal for GM stock?
GENERAL MOTORS CO (GM) has an RSI value of 72.0513. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for GENERAL MOTORS CO?
The buy/sell signal for GENERAL MOTORS CO (GM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for GENERAL MOTORS CO (GM) stock?
GENERAL MOTORS CO (GM) has a support level at 69.08. Check the full technical report for our detailed analysis of GM support and resistance levels.