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Archive
- 6/5/2026 -
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General Motors (GM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the General Motors (GM). During the week, the GM dropped -1.13 points, or -1.36%, and closed at 82.11 on Friday, June 5, 2026. GM was trading at average weekly trading volume.
 Long-term trend: [See GM long-term trend chart]
A long-term uptrend had started on November 10, 2023 at 26.30 and reached 87.62 on February 4, 2026. GM gained -61.32 points, or -233.16%, in 116 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 54.36 and resistance is at 95.08. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See GM medium-term trend chart]
A medium-term downtrend had started on February 4, 2026 at 87.62 and reached 70.43 on May 19, 2026. GM lost 17.19 points, or 19.62%, in 14 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (69.96) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See GM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See GM short-term trend chart]
A short-term uptrend had started on May 19, 2026 at 70.43 and reached 85.19 on May 28, 2026. GM gained -14.76 points, or -20.96%, in 9 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (82.32) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
Daily Technical Indicators: [See GM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 21, 2026. This is an indication that the short-term trend is up.
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