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Downtrend Broken Resist.Archive
- 5/29/2026 -
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General Motors (GM) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the General Motors (GM). During the week, the GM gained 4.45 points, or 5.65%, and closed at 83.24 on Friday, May 29, 2026. Weekly volume was 13% above average.
 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 54.15 and resistance is at 94.64. 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 (70.15) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GM may retest the broken resistance line. It is considered to be a support line now. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 13, 2026. This is an indication that the medium-term trend is down. 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 price is now at the 13.21% retracement level.
 Daily Technical Indicators: [See GM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
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