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Downtrend Broken Resist.Archive
- 4/2/2026 -
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General Motors (GM) Technical Analysis
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| Summary:
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| | It was the negative week for the General Motors (GM). During the week, the GM gave back -0.44 points, or -0.60%, and closed at 72.54 on Thursday, April 2, 2026. Weekly volume was -31% below average.
 Long-term trend: [See GM long-term trend chart]
A long-term uptrend had started on November 10, 2023 at 26.30 and reached 87.62 on February 4, 2026. GM gained -61.32 points, or -233.16%, in 116 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 54.16 and resistance is at 91.67. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See GM medium-term trend chart]
A medium-term downtrend had started on February 4, 2026 at 87.62 and reached 71.67 on April 2, 2026. GM lost 15.95 points, or 18.20%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 60.19 and resistance is at 76.94. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See GM weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since February 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 25, 2026 at 78.29 and reached 71.67 on April 2, 2026. GM lost 6.62 points, or 8.46%, in 8 days. The price is now at the 13.14% retracement level.
 Daily Technical Indicators: [See GM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 20, 2026. The distance between MACD and the signal line is low and getting smaller.
The price touches the lower Bollinger Band. 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.
 Candlestick pattern: [See GM candlestick chart pattern]
On Friday the chart has formed a Bearish Falling Three Methods Candlestick pattern. A Bearish Falling Three pattern is a continuation pattern, it shows a temporary break in the trend of prices without causing a reversal. The reliability of the Bearish Falling Three Methods pattern is high. Use the Technical Stock Screener to see the list of stocks that had a Bearish Falling Three Methods Candlestick pattern during the last week.
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