GENERAL MOTORS CO (GM) Stock Technical Analysis
NYSE:GM - New York Stock Exchange, Inc. - US37045V1008 - Common Stock - Currency: USD
Overall GM gets a technical rating of 4 out of 10. GM has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
GM is part of the Automobiles industry. There are 37 other stocks in this industry. GM outperforms 72% of them.
In the last month GM has a been trading in the 46.81 - 50.55 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GM has an average volume of 11710700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, GM outperforms 51% of them, which is more or less in line with the market.
GM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GM is lagging the market slightly.
GM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 48.38, a Stop Loss order could be placed below this zone.
More info and screens
43.18
53.13
We found 3 important support areas.
- A support zone ranging from 47.97 to 48.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.67 from a trend line in the weekly time frame.
- A support zone ranging from 43.62 to 44.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 48.86 to 50.46. 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 | 51.07 | NEUTRAL | GM is not amongst the best or worst performers 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 | POSITIVE | The current price of GM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.46 | NEUTRAL | The RSI value for GM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GM has a negative trend. |
| Stochastics (14,3) | 68.2 | NEUTRAL | The Stochastics value for GM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for GM suggests some volalility. |
| Average Directional Index/ADX (14) | 11.96 | NEGATIVE | The low ADX value for GM suggests a weak or negative 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)
48.65
-0.61 (-1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-1.24%
1 Week2.49%
2 Weeks-1.94%
1 Month-2.93%
3 Month0.64%
6 Month-7.39%
12 Month4.02%
2 Year26.17%
3 Year53.18%
5 Year92.29%
10 Year45.96%
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%2.42%
ATR Inc-16.19%
Range Today0.77
ADR(20)1.1
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.07
Mansfield-0.44
10 Day High50.4
10 Day Low46.82
20 Day High50.55
20 Day Low46.82
52 Week High61.24
52 Week Low38.96
CS1 End48.38
CR1 Start48.86
Volume & EV
DER(3)2.45%
DER(5)2.69%
Volume8.70M
Volume Incr-13.67%
Vol(5)8.06M
Vol(50)11.71M