The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 23.6% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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General Motors (GM) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the General Motors (GM). During the week, the GM dropped -0.71 points, or -1.65%, and closed at 42.37 on Friday, April 19, 2024. Weekly volume was -16% below average.

Long-term trend: [See GM long-term trend chart]
A long-term downtrend had started on January 5, 2022 at 67.21 and reached 26.30 on November 10, 2023. GM lost 40.91 points, or 60.87%, in 96 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (25.02) 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 long-term trend.

Medium-term trend: [See GM medium-term trend chart]
A medium-term uptrend had started on November 10, 2023 at 26.30 and reached 46.04 on April 4, 2024. GM gained -19.74 points, or -75.06%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (45.82) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GM may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

Weekly Technical Indicators: [See GM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See GM short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 44.87 and reached 42.01 on April 18, 2024. GM lost 2.86 points, or 6.37%, in 9 days. The price is now at the 12.59% retracement level.

Daily Technical Indicators: [See GM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since April 5, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.37
Williams' Percentage Range (W%R) 87.60
Oversold
Lane's Stochastic (%D-Slow) 11.61
Oversold
Greed/Fear Indicator (GFI) 15.80
Oversold
Moving Average Converg./Diverg. (MACD) 0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.42
Williams' Percentage Range (W%R) 19.50
Overbought
Lane's Stochastic (%D-Slow) 81.54
Overbought
Greed/Fear Indicator (GFI) 75.22
Moving Average Converg./Diverg. (MACD) 1.93
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 48.75
Quarterly Trendline Support 45.82
Upper Bollinger Band 44.97
Weekly Stochastic Crossing 44.52
20 Day Moving Average 43.82
Parabolic System 43.39
Price 42.37
Daily Stochastic Crossing 42.35
50 Day Moving Average 41.51
Lower Bollinger Band 41.03
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Automobile Manufacturers 98
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.87
High Date 04/09/2024
Low 42.01
Low Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.87
High Date 04/09/2024
Low 42.01
Low Date 04/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.04
High Date 04/04/2024
Low 42.01
Low Date 04/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 48.75
Support 45.82
Low 26.30
Low Date 11/10/2023
High 46.04
High Date 04/04/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 18.87
Support 25.02
High 67.21
High Date 01/05/2022
Low 26.30
Low Date 11/10/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.