The Greedy Trader Weekly Analysis
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Daily Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/3/2024 -
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General Motors (GM) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergenceBroken trend resistance lineTrend support at 44.63
Daily :Daily  MACD line has moved below its signal line
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It was the negative week for the General Motors (GM). During the week, the GM dropped -0.98 points, or -2.14%, and closed at 44.86 on Friday, May 3, 2024. Weekly volume was -19% below average.

Long-term trend: [See GM long-term trend chart]
A long-term downtrend had started on January 5, 2022 at 67.21 and reached 26.30 on November 10, 2023. GM lost 40.91 points, or 60.87%, in 96 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (24.90) 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 46.17 on April 26, 2024. GM gained -19.87 points, or -75.55%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (44.63) 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 medium-term trend.

Weekly Technical Indicators: [See GM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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. 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 April 26, 2024 at 46.17 and reached 44.26 on April 30, 2024. GM lost 1.91 points, or 4.14%, in 4 days. The price is now at the 31.41% retracement level.

Daily Technical Indicators: [See GM daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.11
Williams' Percentage Range (W%R) 27.40
Lane's Stochastic (%D-Slow) 61.65
Greed/Fear Indicator (GFI) 67.45
Moving Average Converg./Diverg. (MACD) 0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.74
Williams' Percentage Range (W%R) 8.50
Strong Overbought
Lane's Stochastic (%D-Slow) 77.36
Bearish
Greed/Fear Indicator (GFI) 76.65
Moving Average Converg./Diverg. (MACD) 2.22 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 49.26
Upper Bollinger Band 46.53
Daily Stochastic Crossing 45.27
Price 44.86
Quarterly Trendline Support 44.63
Weekly Stochastic Crossing 44.37
20 Day Moving Average 44.10
Parabolic System 43.85
50 Day Moving Average 42.73
Lower Bollinger Band 41.87
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 3
Industry Automobile Manufacturers 99
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.17
High Date 04/26/2024
Low 44.26
Low Date 04/30/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.17
High Date 04/26/2024
Low 44.26
Low Date 04/30/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.01
Low Date 04/18/2024
High 46.17
High Date 04/26/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 49.26
Support 44.63
Low 26.30
Low Date 11/10/2023
High 46.17
High Date 04/26/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 18.03
Support 24.90
High 67.21
High Date 01/05/2022
Low 26.30
Low Date 11/10/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.