GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
|Shorts||3.81% ( 2018-11-15 )|
GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 fell by -1.64% in the last day from £33.55 to £33.00 The price has fallen in 8 of the last 10 days and is down by -17.71% for this period. Volume has increased in the last day by 1.31 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.32 million shares bought and sold for approximately £43.55 million.
GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.04% during the next 3 months and, with 90% probability hold a price between £19.76 and £27.20 at the end of this period.
There are few to none technical positive signals at the moment. GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 £33.50 and £36.70. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday November 28, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week, the stock has had a daily average volatility of 2.38%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
|Get a PRO membership|
To Reveal Top 5 Sell Candidates
Follow Auto Portfolios gaining up to 30%.
Disclaimer: There is no guarantee against any loss. Your capital is at risk.
Click to become a PRO member