RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GMS
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Green day on Thursday for GENERAL MOTORS CORP 7.50% SR. NOTES
(Updated on Mar 28, 2024)

Buy or Hold candidate since Nov 30, 2023 Gain 43.91% PDF

The GENERAL MOTORS CORP 7.50% SR. NOTES stock price gained 0.506% on the last trading day (Thursday, 28th Mar 2024), rising from $96.85 to $97.34. 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 1.49% from a day low at $96.54 to a day high of $97.98. The price has risen in 7 of the last 10 days and is up by 5.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 128 thousand more shares were traded than the day before. In total, 484 thousand shares were bought and sold for approximately $47.08 million.

The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.11% during the next 3 months and, with a 90% probability hold a price between $114.45 and $120.05 at the end of this 3-month period.

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GMS Signals & Forecast

Mostly positive signals in the chart today. The GENERAL MOTORS CORP 7.50% SR. NOTES 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 $96.65 and $91.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 24, 2024, and so far it has risen 20.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for GENERAL MOTORS CORP 7.50% SR. NOTES stock

GENERAL MOTORS CORP 7.50% SR. NOTES finds support from accumulated volume at $94.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.44 between high and low, or 1.49%. For the last week, the stock has had daily average volatility of 1.24%.

The GENERAL MOTORS CORP 7.50% SR. NOTES stock is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stop-loss: $94.13 (-3.30%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (GMS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 to open at $97.29, and during the day (based on 14 day Average True Range), to move between $95.54 and $99.14, which gives a possible trading interval of +/-$1.80 (+/-1.85%) up or down from last closing price. If GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $94.23, some $3.11 (3.19%) from the current price of $97.34, our system finds the risk reward attractive.

Is GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GENERAL MOTORS CORP 7.50% SR. NOTES stock to perform well in the short-term.

Current score: 4.925 Buy Candidate Unchanged

Predicted Opening Price for GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$97.29 ( 0.0548%) $97.34

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

Trading levels for GMS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 98.73 1.42 %
R2 98.18 0.86 %
R1 97.84 0.510 %
Current price: 97.34
Support S1 96.74 -0.620 %
S2 96.40 -0.97 %
S3 95.85 -1.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 97.34
Support S1 94.23 -3.19%
S2 89.96 -7.58%
S3 84.16 -13.54%

FAQ

What is the symbol for GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 Stock and on which exchange is it traded?
The symbol for GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 is GMS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GENERAL MOTORS CORP 7.50% SR. NOTES stock to perform well in the short-term.

How to buy GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 Stock?
GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 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 CORP 7.50% SR. NOTES 7/1/2044 Stock.

What's the current price of GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 Stock?
As of the end of day on the 2024-03-28, the price of an GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 (GMS) share was $97.34.

What is the 52-week high and low for GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 Stock?
The 52-week high for GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 Stock is $99.09 and the 52-week low is $52.00.

What is the market capitalization of GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 Stock?
As of the 2024-03-28, the market capitalization of GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 is 3.877B.

When is the next earnings date for GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044?
The upcoming earnings date for GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 is Jun 27, 2024.
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About GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044

GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 GMS Inc. distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings. It also provides steel framing products, such as steel tracks, studs, and va... GMS Profile

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