GENERAL MOTORS CO (GM)

US37045V1008 - Common Stock

43.21  +0.84 (+1.98%)

After market: 43.07 -0.14 (-0.32%)

Technical Rating and Analysis

9

Overall GM gets a technical rating of 9 out of 10. Both in the recent history as in the last year, GM has proven to be a steady performer, scoring decent points in every aspect analyzed.

In the last month GM has a been trading in the 42.01 - 46.04 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, GM did better than 89% of all other stocks.
GM is one of the better performing stocks in the Automobiles industry, it outperforms 89% of 40 stocks in the same industry.
GM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GM is performing more or less in line with the market.
GM has an average volume of 16199800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
GM Weekly chart
GM Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, GM also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 43.14, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

38.91

45.86

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 42.36 to 43.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @39.30 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 45.36 to 45.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.09
Mansfield1.16
10 Day High44.87
10 Day Low42.01
20 Day High46.04
20 Day Low42.01
52 Week High46.04
52 Week Low26.3
Performance
1 Week1.22%
2 Weeks-2.55%
1 Month0.35%
3 Month22.83%
6 Month58.74%
12 Month30.78%
2 Year13.98%
3 Year-24.48%
5 Year10.94%
10 Year25.32%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.34
RSI(14)53.79
LBB41.72
UBB45.26
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
44.8842.352.52 (5.63%)17.77%
An entry @44.88. This is a Buy Stop order right above the 10 day high.An exit @42.35. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.52 points, which is 5.63%.For a 1.00% total portfolio risk, you can invest 17.77% of your capital in this trade.

  • 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.
GM Daily chart

GENERAL MOTORS CO

NYSE:GM (4/22/2024, 7:04:26 PM)

After market: 43.07 -0.14 (-0.32%)

43.21

+0.84 (+1.98%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg1.98%
1 Week1.22%
2 Weeks-2.55%
1 Month0.35%
3 Month22.83%
6 Month58.74%
12 Month30.78%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.05
ATR(20)%2.33%
ATR Inc
Range Today1.36
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High44.87
10 Day Low42.01
20 Day High46.04
20 Day Low42.01
52 Week High46.04
52 Week Low26.3
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume21.32M
Volume Incr5.24%
Vol(5)14.81M
Vol(50)16.20M