GENERAL MOTORS CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	GM
ISIN:

GENERAL MOTORS CO. - Daily - Technical analysis published on 07/25/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

56%

28%

My opinion

Bearish under 47.30 USD

My targets

41.13 USD (-7.59%)

36.04 USD (-19.03%)

My analysis

The strong short-term decrease of GENERAL MOTORS CO. should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 47.30 USD, a sale could be considered. The first bearish objective is located at 41.13 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 36.04 USD. If there is any crossing, the next objective would be support 31.46 USD. Caution, if there is a return to above 47.30 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dukeokafor. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GENERAL MOTORS CO. rating 44.51 USD. The price is lower by -4.26% since the last closing with the lowest point at 44.13 USD and the highest point at 45.77 USD. The deviation from the price is +0.86% for the low point and -2.75% for the high point.

44.13

45.77

44.51

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GENERAL MOTORS CO. indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.46	36.04	41.13	44.51	47.30	49.90	52.83
Change (%)	-29.32%	-19.03%	-7.59%	-	+6.27%	+12.11%	+18.69%
Change	-13.05	-8.47	-3.38	-	+2.79	+5.39	+8.32
Level	Major	Minor	Major	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	44.06	44.59	45.54	46.07	47.02	47.55	48.50
Camarilla	46.08	46.22	46.35	46.49	46.63	46.76	46.90
Woodie	44.27	44.70	45.75	46.18	47.23	47.66	48.71
Fibonacci	44.59	45.16	45.51	46.07	46.64	46.99	47.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45.13	46.65	47.47	48.99	49.81	51.33	52.15
Camarilla	47.66	47.87	48.09	48.30	48.52	48.73	48.94
Woodie	44.79	46.48	47.13	48.82	49.47	51.16	51.81
Fibonacci	46.65	47.54	48.09	48.99	49.88	50.43	51.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.66	42.17	44.32	46.83	48.98	51.49	53.64
Camarilla	45.18	45.61	46.03	46.46	46.89	47.31	47.74
Woodie	39.47	42.08	44.13	46.74	48.79	51.40	53.45
Fibonacci	42.17	43.95	45.05	46.83	48.61	49.71	51.49

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	37.48
MACD (12,26,9):	0.1400
Directional Movement:	-12.47
AROON (14):	-35.71
DEMA (21):	47.79
Parabolic SAR (0,02-0,02-0,2):	50.20
Elder Ray (13):	-2.51
Super Trend (3,10):	49.44
Zig ZAG (10):	44.66
VORTEX (21):	0.8500
Stochastique (14,3,5):	15.24
TEMA (21):	47.42
Williams %R (14):	-91.76
Chande Momentum Oscillator (20):	-1.63
Repulse (5,40,3):	-3.1700
ROCnROLL:	2
TRIX (15,9):	0.1700
Courbe Coppock:	4.61

MA7:	47.86
MA20:	47.45
MA50:	46.46
MA100:	44.82
MAexp7:	47.09
MAexp20:	47.42
MAexp50:	46.50
MAexp100:	44.52
Price / MA7:	-7.00%
Price / MA20:	-6.20%
Price / MA50:	-4.20%
Price / MA100:	-0.69%
Price / MAexp7:	-5.48%
Price / MAexp20:	-6.14%
Price / MAexp50:	-4.28%
Price / MAexp100:	-0.02%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on GENERAL MOTORS CO.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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