GENERAL MOTORS CO (GM) Stock Technical Analysis
NYSE:GM - New York Stock Exchange, Inc. - US37045V1008 - Common Stock - Currency: USD
Taking everything into account, GM scores 6 out of 10 in our technical rating. In the past year, GM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
GM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 49.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.97, a Stop Loss order could be placed below this zone.
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43.18
3 important support areas can be observed.
- A support zone ranging from 47.25 to 47.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.99 from a trend line in the weekly time frame.
- Support @43.62 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 49.78 to 50.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @52.60 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for GM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GM is up. |
| ChartMill Relative Strength | 79.01 | POSITIVE | GM has a high relative strength, it outperformed 79.01% 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 | MIXED | The current price of GM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.24 | NEUTRAL | The RSI value for GM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests GM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.58 | NEUTRAL | The Stochastics value for GM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for GM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.9 | NEGATIVE | The low ADX value for GM suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 49.86 | 48.30 | 1.55 (3.11%) | 25.00% |
| An entry @49.85. This is a Buy Stop order right above the 10 day moving average. | An exit @48.30. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.55 points, which is 3.11%. | For a 0.78% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
48.69
-0.59 (-1.2%)