GENERAL MOTORS CO (GM) Stock Technical Analysis
USA - NYSE:GM - US37045V1008 - Common Stock
55.35 USD
-0.57 (-1.02%)
55.01 USD
-0.34 (-0.61%)
We assign a technical rating of 4 out of 10 to GM. In the last year, GM was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month GM has a been trading in the 55.22 - 62.14 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
GM is one of the better performing stocks in the Automobiles industry, it outperforms 80% of 37 stocks in the same industry.
GM has an average volume of 7249590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, GM did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
GM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GM is lagging the market.
GM has an average technical rating and it also does not offer a high quality setup 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
44.96
61.96
5 important support areas can be observed.
- A support zone ranging from 55.34 to 55.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.04 from a trend line in the daily time frame.
- Support @51.91 from a trend line in the daily time frame.
- Support @47.12 from a trend line in the weekly time frame.
- Support @45.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.25 to 61.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for GM is down. |
| ChartMill Relative Strength | 72.72 | POSITIVE | GM has a high relative strength, it outperformed 72.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GM is below 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) | 33.92 | NEUTRAL | The RSI value for GM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests GM has a negative trend. |
| Stochastics (14,3) | 1.61 | OVERSOLD | The low Stochastics value suggests GM may be oversold. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for GM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.54 | POSITIVE | The high ADX value value for GM suggests a strong 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)
55.35
-0.57 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-1.02%
1 Week-7.95%
2 Weeks-9.62%
1 Month-5.38%
3 Month3.67%
6 Month26.86%
12 Month15.63%
2 Year96.28%
3 Year41.02%
5 Year60.3%
10 Year58.55%
15 YearN/A
Volatility
ATR(14)1.6
ATR(20)%2.54%
ATR Inc-26.04%
Range Today1.33
ADR(20)1.38
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.72
Mansfield-0.15
10 Day High62.14
10 Day Low55.22
20 Day High62.14
20 Day Low55.22
52 Week High62.14
52 Week Low41.6
CS1 End55.34
CR1 Start61.25
Volume & EV
DER(3)-4.1%
DER(5)-2.65%
Volume5.45M
Volume Incr-10.75%
Vol(5)7.19M
Vol(50)7.25M