|
Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
General Motors (GM) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the General Motors (GM). During the week, the GM gained 1.19 points, or 3.01%, and closed at 40.69 on Friday, March 15, 2024. Weekly volume was 14% above average. Long-term trend: [See GM long-term trend chart] A long-term downtrend had started on February 16, 2023 at 43.63 and reached 26.30 on November 10, 2023. GM lost 17.33 points, or 39.72%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (22.74) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See GM medium-term trend chart] A medium-term uptrend had started on November 10, 2023 at 26.30 and reached 41.79 on March 1, 2024. GM gained -15.49 points, or -58.90%, in 16 weeks. The price is now at the 7.10% retracement level. Weekly Technical Indicators: [See GM weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help. Short-term trend: [See GM short-term trend chart] A short-term downtrend had started on March 1, 2024 at 41.79 and reached 38.95 on March 14, 2024. GM lost 2.84 points, or 6.80%, in 13 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See GM daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 5, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. The distance between the Bollinger Bands is falling, and it was 6.78% on Friday. It is 52.59% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|