$GM General Motors holding supportI wouldve really loved to see this come down to the .886 but it seems to be holding a very critical level for now, with triple hidden bullish divergence as the RSI begins to break above the moving average.
GM trade ideas
GM (You like the Shoe?)We may be around an area where there is usually a good amount of sell volume. We are also on our third green wick'd candle within the last day. Of course we are overbought on the RSI and our current wave may be at its 161% threshold. I believe its a reverse abc pattern. Price is definitely at an important level where we should be able to see if price can push through the trend line. Until that point is proven, I'd like to see it test its recent low. Let's see how the open goes. Not advice.
General Motors - Trouble brews in the auto industryThe prospect of a recession hints at hard times ahead for auto producers, including General Motor Company; over the past six months, this stock lost more than half of its value. Additionally, it continues to constitute new lows, confirming the presence of the downtrend. As a proxy to that, we are bearish on the title and expect worsening economic conditions to impact the auto industry very negatively in the short-term and medium-term future. Therefore, we would like to set the price target for GM to 30 USD and 29 USD.
Illustration 1.01
The picture above shows the weekly chart of General Motors Company. It also shows two simple moving averages: 20-week SMA (blue) and 50-week SMA (red). These two moving averages continue to confirm the medium/long term bearish trend.
Technical analysis - daily time frame
RSI is bearish. MACD and Stochastic are neutral/slightly bearish. DM+ and DM- are bearish. The ADX grows which hints at the increasing momentum. Overall, the daily time frame remains bearish.
Illustration 1.02
The weekly chart of GM stock shows the staggering loss of approximately 54% within the past 189 days.
Technical analysis - weekly time frame
RSI is due to pierce through 30 points, which will further bolster the bearish case for GM. Stochastic, MACD, DM+, DM- are all bearish. Overall, the weekly time frame remains bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
The easy money is over - GM plotI think the easy money is done, a lot of stocks are back to preCOVID levels, and some are (deservedly) below like PTON (lol)
There's a pretty good chance the market just goes sideways here unless there's a recession (or projected recession)
GM UpdateGM has been fairly strong here in this crap market, holding support. Today's low was actually higher than yesterday's.
Hoping for an inverted H&S pattern here, $33 target if the market goes green tomorrow. Safer play is next week's calls or just buy the stock.
Analysis On GM we see on the chart that the vwap indicator was forcefully broken by the sellers. However, if the support line is also broken forcefully by a large candle and followed by large volume we will have a downtrend. But, as we say, we must be careful because we can also have the break of the resistance line as well as the vwap with force by a large candle and accompanied by a large volume, hence an uptrend. So said, you have to be really patient so that all the conditions are met. thank you.
gm buygeneral motors buy .. buy after the break above the resistance 1 and 50ma .. finally target tp4 ....
Good opportunity of sellingAs you see on the chart we have a good opportunity of selling after a breakout of vwap and the support line.thanks.
$GM Analysis, Key Levels, and Targets$GM Analysis, Key Levels, and Targets
Dang… it’s so fun to look back at my old projections and watching them play out… I don’t always play them…
Target 4 & 5 I have alerts on…
Anything underneath that gap is a screaming buy… that’s also another 28% down….
Play what you see…
What sectors do you guys see doing well in the next few years... I'm sorry I've been slow to respond to comments lately... I do try, as time permits...
Happppy Juneteenth, y'all...
—-
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
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What wil General Motors do?I share TWO of my IDEAS!
1. First Option (1 YEAR)
Is done by looking at the Financial Health, Historical DATA and
calculating its Fair Value Today
2. Second Option is a Longterm Investment. That depends on the Market and Growth of GM
Disclaimer;
NO ADVICE TO INVEST and TRADE SAFE!
GM - Falling Wedge Breakout on Daily Timeframe | BullishGeneral Motors Company $GM stock is currently in a falling wedge pattern and appears to have broken out on the Daily timeframe. Let's see if its breakout can hold, and if so, could be a very bullish sign.
Will General Motors Make A Meaningful Reversal ?GM printed a double bottom pattern on May 12 and Friday near the $34.58 level. On Monday, the stock was attempting to react bullishly to the formation but rejecting at the eight-day exponential moving average.
GM has been trading in a consistent downtrend since May 4, when the stock topped out at $41.24. The downtrend is likely to continue unless GM is able to soar up to print a higher high above the most recent lower high of $38.55 or if the stock prints a higher low above the double bottom pattern on the next retracement.
Bullish traders looking to scalp GM for its run to the next lower high will want to see the stock close the trading day near its high-of-day price, which will cause GM to print a hammer candlestick and indicate higher prices are likely to come on Tuesday. Bearish traders will want to see GM continue to reject the eight-day EMA, which could indicate Monday’s high-of-day is the next lower high within the downtrend.
GM has resistance above at $38.03 and $40.04 and support below at $35.38 and the double bottom level.
Analysis-downtrendAs you see on the chart we will have a big probability of a downtrend because we have a breakout with force the vwap indicator by a big candle with a large volume.thanks.
US auto GM, F & TSLA comparisonUS auto GM, F & TSLA 1 day chart YTD comparison %$ and p/e:
GM = p/e 5.983
F = p/e 4.518
TSLA = p/e 97.117
GM = -38.15%
F = -7.52%
TSLA +15.64%
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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Analysis-downtrendAs you see on the chart , after a breakout of the vwap indicator , we will have a big probability of a downtrend.thanks.
GM at a important support zone, must hold or bears take oveif we hold this support a bounce to 39.4/higher will follow, but a break below will send us tanking to 35.67-33.76-31.85
GM BULLISH SET UP ON 1D,4H AND 1HGM will be going to $48.6 from falling wedge formation break out .Looking good for Swing traders.
For day traders ,a top down analysis on 4H and 1H charts using Fib retracement and S/R (bounce $40.78-48 area)
GMDaily Report
Is GM getting ready to breakout. It is forming a falling wedge on the daily chart. The RSI is showing a breakout which usually happens before the price breaks out. A breakout can easily take GM to 47 resistance level.
Shorting $GM General MotorsI'm going to short General Motors, my target price to exit is $20. Let me know in comments what do you think.
