How the (GM) price action is used to our Advantage
August 21, 2024, 12:20 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GM
- Buy GM slightly over 44.02 target 48.37 stop loss @ 43.89 Details
The technical summary data tells us to buy GM near 44.02 with an upside target of 48.37. This data also tells us to set a stop loss @ 43.89 to protect against excessive loss in case the stock begins to move against the trade. 44.02 is the first level of support below 46.735 , and by rule, any test of support is a buy signal. In this case, support 44.02 would be being tested, so a buy signal would exist.
- Short GM slightly under 48.37, target 44.02, stop loss @ 48.51 Details
The technical summary data is suggesting a short of GM as it gets near 48.37 with a downside target of 44.02. We should have a stop loss in place at 48.51though. 48.37 is the first level of resistance above 46.735, and by rule, any test of resistance is a short signal. In this case, if resistance 48.37 is being tested, so a short signal would exist.
Swing Trading Plans for GM
- Buy GM slightly over 47.03, target 48.37, Stop Loss @ 46.89 Details
If 47.03 begins to break higher, the technical summary data tells us to buy GM just slightly over 47.03, with an upside target of 48.37. The data also tells us to set a stop loss @ 46.89 in case the stock turns against the trade. 47.03 is the first level of resistance above 46.735, and by rule, any break above resistance is a buy signal. In this case, 47.03, 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 47.03, target 45.87, Stop Loss @ 47.17. Details
The technical summary data is suggesting a short of GM if it tests 47.03 with a downside target of 45.87. We should have a stop loss in place at 47.17 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, 47.03, 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 46.78, target 47.03, Stop Loss @ 46.67 Details
If 46.78 begins to break higher, the technical summary data tells us to buy GM just slightly over 46.78, with an upside target of 47.03. The data also tells us to set a stop loss @ 46.67 in case the stock turns against the trade. 46.78 is the first level of resistance above 46.735, and by rule, any break above resistance is a buy signal. In this case, 46.78, 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 46.78, target 46.15, Stop Loss @ 46.89. Details
The technical summary data is suggesting a short of GM if it tests 46.78 with a downside target of 46.15. We should have a stop loss in place at 46.89 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, 46.78, 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 August 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
44.02 |
| P2 |
46.15 |
45.87 |
48.37 |
| P3 |
46.78 |
47.03 |
52.39 |
AI Generated Signals for GM
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The General Motors Company (NYSE: GM) data table below can help you with price action, and we have more details too. Trading plans for GM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GM:
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