Trading (GM) With Integrated Risk Controls
December 22, 2024, 11:28 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GM
- Buy GM near 49.1 target 53.52 stop loss @ 48.96 Details
The technical summary data tells us to buy GM near 49.1 with an upside target of 53.52. This data also tells us to set a stop loss @ 48.96 to protect against excessive loss in case the stock begins to move against the trade. 49.1 is the first level of support below 51.81 , and by rule, any test of support is a buy signal. In this case, support 49.1 would be being tested, so a buy signal would exist.
- Short GM slightly under 53.52, target 49.1, stop loss @ 53.67 Details
The technical summary data is suggesting a short of GM as it gets near 53.52 with a downside target of 49.1. We should have a stop loss in place at 53.67though. 53.52 is the first level of resistance above 51.81, and by rule, any test of resistance is a short signal. In this case, if resistance 53.52 is being tested, so a short signal would exist.
Swing Trading Plans for GM
- Buy GM slightly over 53.52, target 57.98, Stop Loss @ 53.37 Details
If 53.52 begins to break higher, the technical summary data tells us to buy GM just slightly over 53.52, with an upside target of 57.98. The data also tells us to set a stop loss @ 53.37 in case the stock turns against the trade. 53.52 is the first level of resistance above 51.81, and by rule, any break above resistance is a buy signal. In this case, 53.52, 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 53.52, target 51.5, Stop Loss @ 53.67. Details
The technical summary data is suggesting a short of GM if it tests 53.52 with a downside target of 51.5. We should have a stop loss in place at 53.67 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, 53.52, 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 53.52, target 57.98, Stop Loss @ 53.4 Details
If 53.52 begins to break higher, the technical summary data tells us to buy GM just slightly over 53.52, with an upside target of 57.98. The data also tells us to set a stop loss @ 53.4 in case the stock turns against the trade. 53.52 is the first level of resistance above 51.81, and by rule, any break above resistance is a buy signal. In this case, 53.52, 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 53.52, target 51.57, Stop Loss @ 53.64. Details
The technical summary data is suggesting a short of GM if it tests 53.52 with a downside target of 51.57. We should have a stop loss in place at 53.64 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, 53.52, 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 Company (GM) available here: GM.
GM Ratings for December 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
49.1 |
| P2 |
50.46 |
50.3 |
53.52 |
| P3 |
51.57 |
51.5 |
57.98 |
AI Generated Signals for GM
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for GM:
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