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General Motors ($GM) Trading Report

Longer Term Trading Plans for GM
  • Buy GM slightly over 31.75 target 35.45 stop loss @ 31.66 Details
  • The technical summary data tells us to buy GM near 31.75 with an upside target of 35.45. This data also tells us to set a stop loss @ 31.66 to protect against excessive loss in case the stock begins to move against the trade. 31.75 is the first level of support below 32.64 , and by rule, any test of support is a buy signal. In this case, support 31.75 would be being tested, so a buy signal would exist.

  • Short GM slightly under 35.45, target 31.75, stop loss @ 35.55 Details
  • The technical summary data is suggesting a short of GM as it gets near 35.45 with a downside target of 31.75. We should have a stop loss in place at 35.55though. 35.45 is the first level of resistance above 32.64, and by rule, any test of resistance is a short signal. In this case, if resistance 35.45 is being tested, so a short signal would exist.

Swing Trading Plans for GM
  • Buy GM slightly over 32.68, target 33.53, Stop Loss @ 32.59 Details
  • If 32.68 begins to break higher, the technical summary data tells us to buy GM just slightly over 32.68, with an upside target of 33.53. The data also tells us to set a stop loss @ 32.59 in case the stock turns against the trade. 32.68 is the first level of resistance above 32.64, and by rule, any break above resistance is a buy signal. In this case, 32.68, 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 32.68, target 31.75, Stop Loss @ 32.77. Details
  • The technical summary data is suggesting a short of GM if it tests 32.68 with a downside target of 31.75. We should have a stop loss in place at 32.77 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, 32.68, 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 32.68, target 33.06, Stop Loss @ 32.6 Details
  • If 32.68 begins to break higher, the technical summary data tells us to buy GM just slightly over 32.68, with an upside target of 33.06. The data also tells us to set a stop loss @ 32.6 in case the stock turns against the trade. 32.68 is the first level of resistance above 32.64, and by rule, any break above resistance is a buy signal. In this case, 32.68, 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 32.68, target 32.37, Stop Loss @ 32.76. Details
  • The technical summary data is suggesting a short of GM if it tests 32.68 with a downside target of 32.37. We should have a stop loss in place at 32.76 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, 32.68, 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.

This is a snapshot. Real Time Updates are available on our GM Page.

GM Ratings for September 08:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 31.75
P2 32.37 32.68 35.45
P3 33.06 33.53 39.32
Triggers may have already come
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Support and Resistance Plot Chart for GM

GM Long Term Analysis for September 8 2023

Blue = Current Price
Red= Resistance
Green = Support

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in General Motors (NYSE: GM) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GM too.  All of these are offered below the Summary Table.