General Motors Technical Analysis | General Motors Trading: 2024-09-18 | IFCM UK
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General Motors Technical Analysis - General Motors Trading: 2024-09-18

GM Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 48.15

Buy Stop

Below 45.17

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2601
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy

GM Chart Analysis

GM Chart Analysis

GM Technical Analysis

The technical analysis of the General Motors stock price chart on 4-hour timeframe shows #S-GM, H4 is rising after returning above the 200-period moving average MA(200) which is level. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 48.15. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed at 45.17. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (45.17) without reaching the order (48.15), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - GM

General Motors stock rose after news Canadian union and GM extended contract talks deadline. Will the GM stock price continue rebounding?

Canadian labor union Unifor extended its deadline for contract negotiations with General Motors yesterday, averting a strike at the plant in Ingersoll, Ontario. Unifor and GM started contract negotiations last week. Unifor had previously said that 97% of its more-than-1,300 members were in favor of stopping work at the CAMI plant if a deal was not reached. GM makes the BrightDrop commercial vans and Ultium battery modules at the plant. Possibility of reaching a deal without starting a strike is bullish for a company stock price.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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