General Motors Company (NYSE:GM) Buy, Sell or Hold?
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 35.08.
The projected upper bound is: 35.51.
The projected lower bound is: 32.65.
The projected closing price is: 34.08.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 49.6622. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 42.72. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 18 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 20. This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.
Rex Takasugi – TD Profile
GENERAL MOTORS closed up 0.310 at 34.100. Volume was 17% below average (neutral) and Bollinger Bands were 30% narrower than normal.
Open High Low Close Volume___
33.970 34.510 33.900 34.100 3,069,299
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 33.86 35.77 33.84
Volatility: 18 25 30
Volume: 3,498,062 3,786,458 3,584,790
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
GENERAL MOTORS is currently 0.8% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of GM.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on GM.N and have had this outlook for the last 22 periods.
Latest posts by HEFFX Australia (see all)
- Cloud Peak Energy (NYSE:CLD) Heffx Trading Outlook - April 28, 2017
- Sirius XM Holdings (NASDAQ:SIRI) Gapped Down - April 28, 2017
- Honeywell International (NYSE:HON) Heffx Technical Analysis - April 28, 2017