RSI low/high Values: [ 25 - 75 ]
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AI Analysis of GM
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Stronger technical forecast for General Motors stock price after Tuesday trading.
(Updated on Feb 27, 2024)


Buy or Hold candidate since Jan 30, 2024 Gain 5.32% PDF
The General Motors stock price gained 0.98% on the last trading day (Tuesday, 27th Feb 2024), rising from $39.79 to $40.18. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.88% from a day low at $39.85 to a day high of $40.60. The price has risen in 7 of the last 10 days and is up by 2.29% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 10 million shares were bought and sold for approximately $399.11 million. 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.

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The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $40.62 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.91% during the next 3 months and, with a 90% probability hold a price between $45.57 and $49.11 at the end of this 3-month period.

GM Signals & Forecast

The General Motors stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $39.45 and $37.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, January 18, 2024, and so far it has risen 16.19%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, January 26, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, January 26, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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Support, Risk & Stop-loss for General Motors stock

On the downside, the stock finds support just below today's level from accumulated volume at $38.15 and $36.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, General Motors finds support just below today's level at $38.15. If this is broken, then the next support from accumulated volume will be at $36.25 and $31.60.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.750 (1.88%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.

Our recommended stop-loss: $38.93 (-3.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (GM) For The Upcoming Trading Day Of Wednesday 28th

For the upcoming trading day on Wednesday, 28th we expect General Motors Company to open at $40.21, and during the day (based on 14 day Average True Range), to move between $39.25 and $41.11, which gives a possible trading interval of +/-$0.93 (+/-2.31%) up or down from last closing price. If General Motors Company takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $38.15, some $2.03 (5.05%) from the current price of $40.18, our system finds the risk reward attractive.

Is General Motors Company stock A Buy?

General Motors holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.769 Open Broker Account

Strong Buy Candidate Upgraded

Predicted Opening Price for General Motors Company of Wednesday, February 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price February 28, 2024 Current price
$40.21 ( 0.0747%) $40.18

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 40.96 1.94 %
R2 40.67 1.23 %
R1 40.50 0.788 %
Current price: 40.18
Support S1 39.92 -0.638 %
S2 39.75 -1.08 %
S3 39.46 -1.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 40.18
Support S1 38.15 -5.05%
S2 36.25 -9.78%
S3 31.60 -21.35%
What is the symbol for General Motors Stock and on which exchange is it traded?
The symbol for General Motors is GM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell General Motors Stock?
General Motors holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy General Motors Stock?
General Motors Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy General Motors Stock.

What's the current price of General Motors Stock?
As of the end of day on the 2024-02-27, the price of an General Motors (GM) share was $40.18.

What is the 52-week high and low for General Motors Stock?
The 52-week high for General Motors Stock is $41.35 and the 52-week low is $26.30.

What is the market capitalization of General Motors Stock?
As of the 2024-02-27, the market capitalization of General Motors is 45.935B.

When is the next earnings date for General Motors?
The upcoming earnings date for General Motors is Apr 23, 2024.

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About General Motors Company

General Motors General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names. The company al... GM Profile

GM Dividend Data

1.01%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Next Ex-Dividend Date Feb 29, 2024
Next Payment Date Mar 14, 2024
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