The Greedy Trader Weekly Analysis
Sign In Dec 1, 2023
Skip Navigation Links
Number of records: 1
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

Archive
- 11/24/2023 -
Sign In to see current Signals.

General Motors (GM) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Oversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldTrend resistance at 28.17
Daily :Trend resistance at 28.24
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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.15
Williams' Percentage Range (W%R) 50.30
Lane's Stochastic (%D-Slow) 73.02
Greed/Fear Indicator (GFI) 53.97
Moving Average Converg./Diverg. (MACD) -0.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.21
Williams' Percentage Range (W%R) 87.30
Oversold
Lane's Stochastic (%D-Slow) 16.53
Oversold
Greed/Fear Indicator (GFI) 23.45
Moving Average Converg./Diverg. (MACD) -1.59
Trading Signals
Description Value Chart
50 Day Moving Average 29.93
Upper Bollinger Band 29.82
Parabolic System 28.53
Daily Stochastic Crossing 28.43
Weekly Trendline Resistance 28.24
Price 28.18
Monthly Trendline Resistance 28.17
20 Day Moving Average 27.97
Weekly Stochastic Crossing 27.58
Lower Bollinger Band 26.80
Weekly Trendline Support 25.81
Monthly Trendline Support 24.68
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Automobile Manufacturers 3
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
Weekly Trend
Monthly Trend
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
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
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.63
High Date 02/16/2023
Low 26.30
Low Date 11/10/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.