GENERAL MOTORS CO (GM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GM - US37045V1008 - Common Stock
We assign a technical rating of 9 out of 10 to GM. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- 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.
- When comparing the yearly performance of all stocks, we notice that GM is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, GM also shows a nice and consistent pattern of rising prices.
- GM is one of the better performing stocks in the Automobiles industry, it outperforms 97% of 36 stocks in the same industry.
- 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.
- GM has an average volume of 8805870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GM has a been trading in the 77.35 - 85.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 79.67, a Stop Loss order could be placed below this zone.
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45.97
4 important support areas can be observed.
- A support zone ranging from 77.81 to 79.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @63.40 from a trend line in the daily time frame.
- Support @62.11 from a trend line in the weekly time frame.
- Support @46.43 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 81.15 to 83.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @85.13 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 | UP | POSITIVE | The long term trend for GM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GM is neutral. |
| ChartMill Relative Strength | 88.18 | POSITIVE | GM has a high relative strength, it outperformed 88.18% 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 | 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) | 47.52 | NEUTRAL | The RSI value for GM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests GM has a negative trend. |
| Stochastics (14,3) | 41.29 | NEUTRAL | The Stochastics value for GM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for GM suggests some volalility. |
| Average Directional Index/ADX (14) | 30.53 | 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 |
|---|---|---|---|
| 83.07 | 77.80 | 5.27 (6.34%) | 15.76% |
| An entry @83.07. This is a Buy Stop order right above the resistance zone. | An exit @77.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.27 points, which is 6.34%. | For a 1.00% total portfolio risk, you can invest 15.76% 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.
79.68
-1.46 (-1.8%)
GENERAL MOTORS CO / GM FAQ
What is the ChartMill technical rating of GENERAL MOTORS CO (GM) stock?
ChartMill assigns a technical rating of 9 / 10 to GM.
What is the current trend direction of GENERAL MOTORS CO (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 47.5204. This indicates that the stock is currently neutral.
What is the MACD signal for GENERAL MOTORS CO (GM) stock?
The MACD indicator for GENERAL MOTORS CO (GM) has a value of -0.661947, indicating a bearish trend.
Can you provide the support and resistance levels for GENERAL MOTORS CO?
GENERAL MOTORS CO (GM) has a support level at 79.67 and a resistance level at 81.15. Check the full technical report for our detailed analysis of GM support and resistance levels.