When (GM) Moves Investors should Listen
November 20, 2024, 12:18 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GM
- Buy GM near 52.35 target 56.41 stop loss @ 52.2 Details
The technical summary data tells us to buy GM near 52.35 with an upside target of 56.41. This data also tells us to set a stop loss @ 52.2 to protect against excessive loss in case the stock begins to move against the trade. 52.35 is the first level of support below 54.705 , and by rule, any test of support is a buy signal. In this case, support 52.35 is being tested, a buy signal would exist.
- Short GM slightly under 56.41, target 52.35, stop loss @ 56.57 Details
The technical summary data is suggesting a short of GM as it gets near 56.41 with a downside target of 52.35. We should have a stop loss in place at 56.57though. 56.41 is the first level of resistance above 54.705, and by rule, any test of resistance is a short signal. In this case, if resistance 56.41 is being tested, a short signal would exist.
Swing Trading Plans for GM
- Buy GM slightly over 56.59, target 59.72, Stop Loss @ 56.43 Details
If 56.59 begins to break higher, the technical summary data tells us to buy GM just slightly over 56.59, with an upside target of 59.72. The data also tells us to set a stop loss @ 56.43 in case the stock turns against the trade. 56.59 is the first level of resistance above 54.705, and by rule, any break above resistance is a buy signal. In this case, 56.59, 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 56.59, target 52.35, Stop Loss @ 56.75. Details
The technical summary data is suggesting a short of GM if it tests 56.59 with a downside target of 52.35. We should have a stop loss in place at 56.75 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, 56.59, 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 54.91, target 56.02, Stop Loss @ 54.78 Details
If 54.91 begins to break higher, the technical summary data tells us to buy GM just slightly over 54.91, with an upside target of 56.02. The data also tells us to set a stop loss @ 54.78 in case the stock turns against the trade. 54.91 is the first level of resistance above 54.705, and by rule, any break above resistance is a buy signal. In this case, 54.91, 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 54.91, target 52.35, Stop Loss @ 55.04. Details
The technical summary data is suggesting a short of GM if it tests 54.91 with a downside target of 52.35. We should have a stop loss in place at 55.04 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, 54.91, 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 November 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
48.04 |
| P2 |
54.91 |
56.59 |
52.35 |
| P3 |
56.02 |
59.72 |
56.41 |
AI Generated Signals for GM
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The General Motors Company (NYSE: GM) report below is a real world example. Included are trading plans for GM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GM:
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