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Uptrend SupportArchive
- 11/24/2023 -
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General Motors (GM) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the General Motors (GM). During the week, the GM climbed 0.15 points, or 0.54%, and closed at 28.18 on Friday, November 24, 2023. GM was trading at average weekly trading volume.
GM is a member of Automobile Manufacturers Industry. Automobile Manufacturers is the third most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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. Price is near the trend low.
 Medium-term trend: [See GM medium-term trend chart]
A medium-term downtrend had started on July 13, 2023 at 41.04 and reached 26.30 on November 10, 2023. GM lost 14.74 points, or 35.92%, in 17 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (28.17). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See GM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since August 11, 2023. 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 downtrend had started on September 15, 2023 at 34.60 and reached 26.30 on November 10, 2023. GM lost 8.30 points, or 23.99%, in 56 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (28.24). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
 Daily Technical Indicators: [See GM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 13, 2023.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
7 |
| Industry |
Automobile Manufacturers |
3 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
26.30 |
| Low Date |
11/10/2023 |
| High |
28.77 |
| High Date |
11/20/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Test Resistance |
| Resistance |
28.24 |
| Support |
25.81 |
| High |
34.60 |
| High Date |
09/15/2023 |
| Low |
26.30 |
| Low Date |
11/10/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Test Resistance |
| Resistance |
28.17 |
| Support |
24.68 |
| High |
41.04 |
| High Date |
07/13/2023 |
| Low |
26.30 |
| Low Date |
11/10/2023 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
43.63 |
| High Date |
02/16/2023 |
| Low |
26.30 |
| Low Date |
11/10/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
67.21 |
| High Date |
01/05/2022 |
| Low |
26.30 |
| Low Date |
11/10/2023 |
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