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 07/26/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 47.30 USD

My targets

41.13 USD (-7.49%)

36.04 USD (-18.94%)

My analysis

The strong short-term decline of GENERAL MOTORS CO. reinforces the current slightly bearish trend. As long as the price remains below 47.30 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 41.13 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 36.04 USD as an objective. Crossing it would then enable sellers to target 31.46 USD. A return to above 47.30 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

4.5

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

The GENERAL MOTORS CO. price is 44.46 USD. On the day, this instrument gained +0.75% and was between 44.14 USD and 44.55 USD. This implies that the price is at +0.72% from its lowest and at -0.20% from its highest.

44.14

44.55

44.46

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GENERAL MOTORS CO.:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

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 slightly bearish. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

The probability of a further decline is moderate given the direction of the technical indicators.
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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.46	36.04	41.13	44.46	47.30	49.90	52.83
Change (%)	-29.24%	-18.94%	-7.49%	-	+6.39%	+12.24%	+18.83%
Change	-13.00	-8.42	-3.33	-	+2.84	+5.44	+8.37
Level	Major	Minor	Major	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.91	43.01	43.57	44.67	45.23	46.33	46.89
Camarilla	43.67	43.83	43.98	44.13	44.28	44.43	44.59
Woodie	41.64	42.88	43.30	44.54	44.96	46.20	46.62
Fibonacci	43.01	43.64	44.04	44.67	45.30	45.70	46.33

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):	37.83
MACD (12,26,9):	-0.1300
Directional Movement:	-12.28
AROON (14):	-35.72
DEMA (21):	47.17
Parabolic SAR (0,02-0,02-0,2):	49.83
Elder Ray (13):	-2.61
Super Trend (3,10):	48.51
Zig ZAG (10):	44.30
VORTEX (21):	0.8800
Stochastique (14,3,5):	9.35
TEMA (21):	46.50
Williams %R (14):	-97.10
Chande Momentum Oscillator (20):	-2.24
Repulse (5,40,3):	-3.7500
ROCnROLL:	2
TRIX (15,9):	0.1300
Courbe Coppock:	0.55

MA7:	46.98
MA20:	47.38
MA50:	46.44
MA100:	44.85
MAexp7:	46.33
MAexp20:	47.10
MAexp50:	46.40
MAexp100:	44.51
Price / MA7:	-5.36%
Price / MA20:	-6.16%
Price / MA50:	-4.26%
Price / MA100:	-0.87%
Price / MAexp7:	-4.04%
Price / MAexp20:	-5.61%
Price / MAexp50:	-4.18%
Price / MAexp100:	-0.11%

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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