GENERAL MOTORS CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	GM
ISIN:

GENERAL MOTORS CO. - Daily - Technical analysis published on 09/16/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 53.76 USD

My targets

49.80 USD (-2.68%)

46.48 USD (-9.17%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 53.76 USD remains possible. It is advisable to trade GENERAL MOTORS CO. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 53.76 USD. The next bearish objective for sellers is set at 49.80 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 46.48 USD. In case of crossing, the next objective would be the support located at 44.43 USD. PS: if there is a bullish break in the resistance located at 53.76 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GENERAL MOTORS CO. rating is 51.17 USD. On the day, this instrument lost -1.25% and was between 50.91 USD and 51.74 USD. This implies that the price is at +0.51% from its lowest and at -1.10% from its highest.

50.91

51.74

51.17

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of GENERAL MOTORS CO. indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	44.43	46.48	49.80	51.17	53.76	55.85	58.93
Change (%)	-13.17%	-9.17%	-2.68%	-	+5.06%	+9.15%	+15.17%
Change	-6.74	-4.69	-1.37	-	+2.59	+4.68	+7.76
Level	Minor	Major	Major	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.54	50.04	50.93	51.43	52.32	52.82	53.71
Camarilla	51.44	51.57	51.69	51.82	51.95	52.08	52.20
Woodie	49.74	50.14	51.13	51.53	52.52	52.92	53.91
Fibonacci	50.04	50.57	50.90	51.43	51.96	52.29	52.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45.43	46.62	48.05	49.24	50.67	51.86	53.29
Camarilla	48.77	49.01	49.25	49.49	49.73	49.97	50.21
Woodie	45.56	46.68	48.18	49.30	50.80	51.92	53.42
Fibonacci	46.62	47.62	48.24	49.24	50.24	50.86	51.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.99	40.03	44.52	51.56	56.05	63.09	67.58
Camarilla	45.84	46.90	47.95	49.01	50.07	51.12	52.18
Woodie	31.72	39.39	43.25	50.92	54.78	62.45	66.31
Fibonacci	40.03	44.43	47.16	51.56	55.96	58.69	63.09

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.75
MACD (12,26,9):	-0.6200
Directional Movement:	1.99
AROON (14):	28.57
DEMA (21):	49.29
Parabolic SAR (0,02-0,02-0,2):	47.89
Elder Ray (13):	1.23
Super Trend (3,10):	47.89
Zig ZAG (10):	51.17
VORTEX (21):	0.9800
Stochastique (14,3,5):	86.31
TEMA (21):	50.02
Williams %R (14):	-21.43
Chande Momentum Oscillator (20):	1.84
Repulse (5,40,3):	0.2900
ROCnROLL:	-1
TRIX (15,9):	-0.3500
Courbe Coppock:	3.99

MA7:	50.19
MA20:	49.45
MA50:	53.05
MA100:	55.88
MAexp7:	50.49
MAexp20:	50.44
MAexp50:	52.50
MAexp100:	53.77
Price / MA7:	+1.95%
Price / MA20:	+3.48%
Price / MA50:	-3.54%
Price / MA100:	-8.43%
Price / MAexp7:	+1.35%
Price / MAexp20:	+1.45%
Price / MAexp50:	-2.53%
Price / MAexp100:	-4.84%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on GENERAL MOTORS CO. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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