GENERAL MOTORS CO (GM)

US37045V1008 - Common Stock

56.895  +1.22 (+2.18%)

Technical Rating and Analysis

10

Overall GM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GM has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GM is one of the better performing stocks in the market, outperforming 93% 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 41 stocks in the same industry.
GM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
GM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GM has an average volume of 12831700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
GM Weekly chart
GM Daily chart
Setup Rating and Analysis

6

GM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 55.67, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

38.82

57.46

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 54.55 to 56.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 49.10 to 49.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @47.20 from a trend line in the weekly time frame.
  • Support @39.21 from a horizontal line in the daily time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.41
Mansfield1.32
10 Day High59.39
10 Day Low54.58
20 Day High59.39
20 Day Low50.74
52 Week High59.39
52 Week Low27.94
Performance
1 Week-3.37%
2 Weeks0.52%
1 Month5.61%
3 Month14.64%
6 Month26.23%
12 Month97.59%
2 Year37.28%
3 Year-3.78%
5 Year54.67%
10 Year66.56%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.25
RSI(14)60.14
LBB52.51
UBB59.04
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
57.7354.573.16 (5.48%)18.24%
An entry @57.73. This is a Buy Stop order right above the resistance zone.An exit @54.57. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 3.16 points, which is 5.48%.For a 1.00% total portfolio risk, you can invest 18.24% 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.
GM Daily chart

GENERAL MOTORS CO

NYSE:GM (11/22/2024, 10:29:10 AM)

56.895

+1.22 (+2.18%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg2.18%
1 Week-3.37%
2 Weeks0.52%
1 Month5.61%
3 Month14.64%
6 Month26.23%
12 Month97.59%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.64
ATR(20)%2.75%
ATR Inc
Range Today1.24
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High59.39
10 Day Low54.58
20 Day High59.39
20 Day Low50.74
52 Week High59.39
52 Week Low27.94
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.65M
Volume Incr-4.67%
Vol(5)12.59M
Vol(50)12.83M