General Motors $GM Technical Update

June 06, 2021, 09:55 am ET, BY Gy Bennar - Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The General Motors (NYSE: GM) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for GM, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, but prices change and so do support and resistance levels. Update this report, and get unlimited real time reports here: Free Trial.

Technical Summary

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 56.74
P2 62.67 61.85 61.79
P3 64.52 63.76 67.36
⚠Triggers may have already come
Support and Resistance Plot Chart for GM

Long Term Trading Plans for GM

June 6, 2021, 9:55 am ET

The Technical Summary and Trading Plans for GM help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GM Report.

GM - (Long) Support Plan

The technical summary data tells us to buy GM near 61.79 with an upside target of 67.36. This data also tells us to set a stop loss @ 61.61 to protect against excessive loss in case the stock begins to move against the trade. 61.79 is the first level of support below 63.37 , and by rule, any test of support is a buy signal. In this case, support 61.79 is being tested, a buy signal would exist.

GM - (Short) Resistance Plan

The technical summary data is suggesting a short of GM as it gets near 67.36 with a downside target of 61.79. We should have a stop loss in place at 67.55 though. 67.36 is the first level of resistance above 63.37, and by rule, any test of resistance is a short signal. In this case, if resistance 67.36 is being tested, a short signal would exist.


GM Long Term Analysis


GM EPS Analysis

GM Dividend Chart

GM Revenue chart

GM Growth rate - Quarterly

GM Growth rate - Yearly

GM PE chart

GM PEG chart

Blue = Current Price
Red = Resistance
Green = Support

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