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General Motors Co (Extended Hours)General Motors Co (Extended Hours)General Motors Co (Extended Hours)

General Motors Co (Extended Hours)

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GM trade ideas

Technical analysis update: GM (27h April 2021)General Motors continues its sideways price action. Its neutral trend is highly supported by low ADX value. However, the current level of importance sits between 56.97 USD and 57.05 USD per share. Move above this price level suggest bullish short term outlook and potential for price to move back above 60 USD per share. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
NYSE:GM
by Tradersweekly
GM - short term bearishThis kinda sucks cus I just bought calls on Friday and I did not see the weekly chart. I have a $59 call for 4/23. I think I'm going to cut at open and grab $58 puts for 4/30. My mistake for not zooming out. 1) Bearish divergence on RSI 2) MACD crossing down 3) Slow Stochastic crossing down (Not shown because I don't pay for extra indicators lol) 4) Bearish rising wedge 5) Decreasing volume I really hope I'm wrong. I'm super bullish on GM. Bought the call because of the following article: "General Motors made an unexpected electric-vehicle announcement, saying it is is building a battery plant with Korea-based LG Chem. It is a little like a Tesla Giga factory, GM style. General Motors (ticker: GM) stock jumped, a little, in response to the news. Shares were up about 0.6% in early trading, while the S&P 500 and Dow Jones Industrial Average rose about 0.2% and 0.3%, respectively. Capital spending and new manufacturing plants are a long-term issues, but the market might just be underweighting the importance of GM’s Friday move. “The addition of our second all-new Ultium battery cell plant in the U.S. with our joint venture partner LG Energy Solution is another major step in our transition to an all-electric future,” said GM CEO Mary Barra in the company’s news release. LG Energy Solution is owned by LG Chem (051910.Korea). The 2.8 million-square foot facility will go up in Tennessee and will cost about $2.3 billion, creating about 1,300 jobs." I can't ignore the technicals. We could see 54 soon.
NYSE:GMShort
by JerseyStig
Another Healthy Pullback in General MotorsGeneral Motors continues to push higher as investors embrace value stocks and the cyclical recovery. Once again the chart is giving some potential signals. First, the auto maker pulled back to hold the trendline in place since the start of the year. It’s also bouncing near its 50-day simple moving average (SMA). Second, notice the large bullish candle on Thursday, March 25. Price came within $0.12 of the 50-day SMA but couldn’t reach that level. GM has remained above that candle since – a potential sign of buyers lurking not far below the surface. Next, GM’s 8-day exponential moving average (EMA) has remained above the 21-day EMA. That’s a sign short-term trend is still bullish. Finally, notice that the current bounce is occurring near the $57 area where GM topped in January and February. Is old resistance becoming new support? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:GMLong
by TradeStation
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