GENERAL MOTORS CO (GM) Stock Technical Analysis
NYSE:GM - US37045V1008 - Common Stock
58.75 USD
-0.05 (-0.09%)
59.02 USD
+0.27 (+0.46%)
We assign a technical rating of 8 out of 10 to GM. Although GM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
GM is part of the Automobiles industry. There are 37 other stocks in this industry. GM outperforms 80% of them.
GM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GM is lagging the market slightly.
In the last month GM has a been trading in the 51.88 - 59.23 range, which is quite wide. It is currently trading near the high of this range.
GM has an average volume of 9180140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GM is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although GM has an excellent technical rating, it does not present a decent entry opportunity 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
45.85
59.35
When analyzing the support we can see 5 important areas.
- A support zone ranging from 52.10 to 53.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.24 from a trend line in the daily time frame.
- Support @49.99 from a horizontal line in the daily time frame.
- A support zone ranging from 48.09 to 48.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @58.76 from a horizontal 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 | 78.7 | POSITIVE | GM has a high relative strength, it outperformed 78.7% 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) | 72.45 | OVERBOUGHT | The high RSI value suggests GM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests GM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.2 | OVERBOUGHT | The high Stochastics value suggests GM may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for GM suggests low volalility. |
| Average Directional Index/ADX (14) | 24.76 | NEUTRAL | The ADX value for GM suggests a possible start of a new trend. |
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)
58.75
-0.05 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-0.09%
1 Week3.49%
2 Weeks5.7%
1 Month12.74%
3 Month18.42%
6 Month19.58%
12 Month18.02%
2 Year75.32%
3 Year53.76%
5 Year98.28%
10 Year99.56%
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%1.98%
ATR Inc-26.91%
Range Today0.81
ADR(20)1.09
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.7
Mansfield0.64
10 Day High59.23
10 Day Low54.82
20 Day High59.23
20 Day Low51.88
52 Week High61.24
52 Week Low41.6
CS1 End53.71
CR1 Start58.76
Volume & EV
DER(3)-1.2%
DER(5)0.81%
Volume9.85M
Volume Incr-3.13%
Vol(5)7.09M
Vol(50)9.18M