GENERAL MOTORS CO (GM) Stock Technical Analysis
USA - New York Stock Exchange - 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.
GM has an excellent technical rating, but the quality of the setup is only medium 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
47.58
We found 5 important support areas.
- A support zone ranging from 69.85 to 70.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.91 from a horizontal line in the daily time frame.
- A support zone ranging from 58.51 to 59.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.02 from a trend line in the daily time frame.
- Support @48.06 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 | 88.78 | POSITIVE | GM has a high relative strength, it outperformed 88.78% 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) | 67.63 | NEUTRAL | The RSI value for GM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests GM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.2 | OVERBOUGHT | The high Stochastics value suggests GM may be overbought. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for GM suggests some volalility. |
| Average Directional Index/ADX (14) | 36.02 | POSITIVE | The high ADX value value for GM suggests a strong 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 |
|---|---|---|---|
| 73.46 | 69.84 | 3.62 (4.92%) | 20.32% |
| An entry @73.45. This is a Buy Stop order right above the 10 day high. | An exit @69.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.62 points, which is 4.92%. | For a 1.00% total portfolio risk, you can invest 20.32% 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.
72.81
+0.03 (+0.04%)
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 67.6303. This indicates that the stock is currently neutral.
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 70.33. Check the full technical report for our detailed analysis of GM support and resistance levels.