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Downtrend ResistanceArchive - 4/19/2024 - Sign In to see current Signals. |
General Motors (GM) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | 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.
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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 |
6 |
Industry |
Automobile Manufacturers |
98 |
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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 |
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Weekly 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 |
44.87 |
High Date |
04/09/2024 |
Low |
42.01 |
Low Date |
04/18/2024 |
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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 |
46.04 |
High Date |
04/04/2024 |
Low |
42.01 |
Low Date |
04/18/2024 |
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Quarterly Trend |
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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 |
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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 |
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