General Motors Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
General Motors Company stock price ended at 40.74€ on Friday, after gaining 1.14%.
(Updated on May 24, 2024)
The General Motors Company stock price gained 1.14% on the last trading day (Friday, 24th May 2024), rising from 40.28€ to 40.74€. During the last trading day the stock fluctuated 0.147% from a day low at 40.74€ to a day high of 40.80€. The price has fallen in 6 of the last 10 days and is down by -3.15% for this period. Volume fell on the last day by -180 shares and in total, 500 shares were bought and sold for approximately 20.37€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 40.37€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.63% during the next 3 months and, with a 90% probability hold a price between 46.28€ and 51.05€ at the end of this 3-month period.
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8GM.F Signals & Forecast
There are few to no technical positive signals at the moment. The General Motors Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 41.32€ and 41.37€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -4.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for General Motors Company stock
General Motors Company finds support from accumulated volume at 40.69€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.0600€ between high and low, or 0.147%. For the last week the stock has had daily average volatility of 0.800%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8GM.F) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect General Motors Company to open at 40.76€, and during the day (based on 14 day Average True Range), to move between 40.19€ and 41.29€, which gives a possible trading interval of +/-0.553€ (+/-1.36%) up or down from last closing price. If General Motors Company takes out the full calculated possible swing range there will be an estimated 2.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 40.69€ (0.12%) than the resistance at 40.92€ (0.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is General Motors Company stock A Buy?
The General Motors Company stock holds several negative signals and despite the positive trend, we believe General Motors Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.141 Sell Candidate Unchanged
Predicted Opening Price for General Motors Company of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| 40.76€ ( 0.0491%) | 40.74€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8GM.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.82 | 0.196 % | |
| R2 | 40.80 | 0.140 % | ||
| R1 | 40.78 | 0.105 % | ||
| Current price: | 40.74 | |||
| Support | S1 | 40.74 | -0.0072 % | |
| S2 | 40.72 | -0.0419 % | ||
| S3 | 40.70 | -0.0982 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.19 | 3.56 % | |
| R2 | 41.92 | 2.90 % | ||
| R1 | 40.92 | 0.442 % | ||
| Current price | 40.74 | |||
| Support | S1 | 40.69 | -0.123% | |
| S2 | 40.53 | -0.515% | ||
| S3 | 39.95 | -1.95% |
8GM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 20, 2024 | 0.113€ | 0% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 14, 2024 | 0.111€ | 0% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | 0€ | 0% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | 0.0900€ | 0% |
| 5 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | 0.0900€ | 0% |
FAQ
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