When the Price of General Motors $GM Talks, People Listen
June 03, 2023, 07:45 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GM
- Buy GM slightly over 31.97 target 36.19 stop loss @ 31.88 Details
The technical summary data tells us to buy GM near 31.97 with an upside target of 36.19. This data also tells us to set a stop loss @ 31.88 to protect against excessive loss in case the stock begins to move against the trade. 31.97 is the first level of support below 34.28 , and by rule, any test of support is a buy signal. In this case, support 31.97 would be being tested, so a buy signal would exist.
- Short GM slightly under 36.19, target 31.97, stop loss @ 36.29 Details
The technical summary data is suggesting a short of GM as it gets near 36.19 with a downside target of 31.97. We should have a stop loss in place at 36.29though. 36.19 is the first level of resistance above 34.28, and by rule, any test of resistance is a short signal. In this case, if resistance 36.19 is being tested, so a short signal would exist.
Swing Trading Plans for GM
- Buy GM slightly over 36.19, target 40.62, Stop Loss @ 36.09 Details
If 36.19 begins to break higher, the technical summary data tells us to buy GM just slightly over 36.19, with an upside target of 40.62. The data also tells us to set a stop loss @ 36.09 in case the stock turns against the trade. 36.19 is the first level of resistance above 34.28, and by rule, any break above resistance is a buy signal. In this case, 36.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GM slightly near 36.19, target 34.18, Stop Loss @ 36.29. Details
The technical summary data is suggesting a short of GM if it tests 36.19 with a downside target of 34.18. We should have a stop loss in place at 36.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 36.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for GM
- Buy GM slightly over 34.49, target 36.19, Stop Loss @ 34.41 Details
If 34.49 begins to break higher, the technical summary data tells us to buy GM just slightly over 34.49, with an upside target of 36.19. The data also tells us to set a stop loss @ 34.41 in case the stock turns against the trade. 34.49 is the first level of resistance above 34.28, and by rule, any break above resistance is a buy signal. In this case, 34.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GM slightly near 34.49, target 34.18, Stop Loss @ 34.57. Details
The technical summary data is suggesting a short of GM if it tests 34.49 with a downside target of 34.18. We should have a stop loss in place at 34.57 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 34.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for General Motors (GM) available here: GM.
GM Ratings for June 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
31.97 |
| P2 |
33.15 |
32.80 |
36.19 |
| P3 |
34.49 |
34.18 |
40.62 |
AI Generated Signals for GM
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of General Motors (NYSE: GM) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for GM can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GM:
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