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Archive
- 10/16/2026 -
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General Motors (GM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the General Motors (GM). During the week, the GM gained 1.23 points, or 1.49%, and closed at 83.96 on Friday, October 16, 2026. Weekly volume was -23% below average.
 Long-term trend: [See GM long-term trend chart]
A long-term uptrend had started on May 19, 2026 at 70.43 and reached 91.85 on July 29, 2026. GM gained -21.42 points, or -30.41%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (83.58) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See GM medium-term trend chart]
A medium-term downtrend had started on July 29, 2026 at 91.85 and reached 76.44 on October 1, 2026. GM lost 15.41 points, or 16.78%, in 9 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (74.47) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GM may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See GM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 18, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See GM short-term trend chart]
A short-term uptrend had started on October 1, 2026 at 76.44 and reached 85.79 on October 16, 2026. GM gained -9.35 points, or -12.23%, in 15 days. The price is now at the 19.57% retracement level.
 Daily Technical Indicators: [See GM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since October 7, 2026. This is an indication that the short-term trend is up.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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