GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 Forecast and Stock Analysis
Technical GMS.L stock analysis for February 18, 2019.
|Shorts||2.55% ( 2019-01-31 )|
GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 gained 1.04% in the last trading day, rising from £19.23 to £19.43 , and has now gained 4 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. The price has risen in 5 of the last 10 days , but is still down by -12.1% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 331 540 more shares were traded than the day before. In total, 424 413 shares bought and sold for approximately £8.24 million.
Close price at the end of the last trading day (Monday, 18th Feb 2019) of the GMS.L stock was £19.43. This is 1.04% more than the trading day before Friday, 15th Feb 2019.
During day the stock fluctuated 0.00% from a day low at £19.00 to a day high of £19.00.
30 day high of the GMS.L stock price was £23.00 and low was £17.00.
90 day high was £36.80 and low was £6.98.
52 week high for the GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 - £52.20 and low - £6.98.
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 -41.73% during the next 3 months and, with 90% probability hold a price between £-2.37 and £15.37 at the end of this period.
Only positive signals in the chart today. GENERAL MOTORS CORP 7.50% SR. NOTES 7/1/2044 holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £19.82. On a fall, the stock will find some support from the long-term average at approximately £17.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday February 13, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £18.00 and £17.10.
There is 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 CORP 7.50% SR. NOTES 7/1/2044 finds support just below today's level at £18.00. If this is broken, then the next support from accumulated volume will be at £17.10 and £17.00.
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 7.55%.
Our recommended stoploss: £18.44 (-5.09%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.