General Motors Technical Analysis (NYSE:GM)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. A GM stock chart pattern can give those who understand technical analysis an indication of which way GM stock is headed, but cannot predict with 100% certainty as to what can happen to the General Motors stock price.
See General Motors bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking General Motors stock analysis using these technical indicators helps identify trading opportunities.
General Motors Moving Average:
GM stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of General Motors chart patterns after the calculations remain the same. The 100 day moving average of 35.32 is below the last closing price of 40.3. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for General Motors are mostly signals of long term trends and will help long term traders.
General Motors Bollinger Bands:
Bollinger bands comprise of a center line usually GM SMA, and two GM stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $40.3 is in the lower range of General Motors bollinger bands.
General Motors Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The General Motors MACD indicator can be used to identify bullish and bearish trends for the stock.
General Motors Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 79.71 is the RSI value of GM stock. .