General Motors stock: buy or sell

GM stock price: $55.49 0.89% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

General Motors stock brief

  • General Motors closed on Wednesday at $55.49 after only moving a 0.89%.
  • On Wednesday, General Motors presented its Q2 financial report
  • General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide.

Should I buy General Motors stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $GM stock a buy?

In the current situation of General Motors there is not any eligible buy setup. This doesn't mean $GM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell General Motors stock?

How to know when is it time to sell General Motors?. In the same way as when we have to buy shares, deciding when is the best time to sell is not a whimsy decision, and we must follow our own trading style. When selling, as well as buying, detailed setups are very easy to follow and are only valid for selling stocks in your porfolio, not for selling short General Motors stock

A guiding principle is that you should not mantain a trading operation that generates losses greater than those expected upon purchase. When to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell General Motors stock?

In the current situation of General Motors there is not any eligible sell setup, so General Motors stock holders with operations in profit can keep their positions

General Motors ratings

In the previous month we couldn't find any rating for General Motors

General Motors stock analysis

SMAs overview

GM stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $57.05 (2.81% above)
  • R2: $59.58 (7.37% above)
  • R3: $63.44 (14.33% above)
  • The current supports are:

  • S1: $54.71 (-1.41% below)
  • S2: $53.52 (-3.55% below)
  • S3: $52.63 (-5.15% below)
  • Bollinger bands

    Since the price broke down the lower band on July 19, the price bounced by 5.43%

    GM stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Wednesday was 42.8. General Motors stock collapsed a 13.19% since RSI lost the overbought zone

    GM stock RSI chart

    General Motors stock price history

    General Motors went public on Nov 18th, 2010 at $27.05 per share1. Since then, GM stock has risen by 105.14%, with an average of 10.51% per year. If you had invested thousand dollars in General Motors stock on the IPO, it would have a value of $2,051.39 today.

    1: Adjusted price after possible price splits or reverse-splits

    GM stock price history chart

    Price target for General Motors stock

    Nobody can predict how much a stock will be priced in the future. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.

    The following table shows the price predictions posted by analysts in the last month. If you are a small trader you shouldn't trade based on these projections.

    In the previous month we couldn't find any price target posted for General Motors stock.

    Earnings and financials

    Investors call was hosted by General Motors ($GM) on Wednesday after posting the financial report.

    Same quarter last year, reported EPS was $-0.50, so current EPS means 100.00%. Looking at turnover, figures just changed compared to $327.1B year over year.

    General Motors ($GM) will host the Q3 earnings call next October.

    General Motors performance

    GM performance compared
    Company1m3m6m
    General Motors ($GM) -6.30% -3.90% 11.20%

    Important note:
    The thoughts written in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the individual conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for education purposes only

    General Motors summary

    Wednesday, July 28th, 2021
    Open$55.42
    Close$55.49
    Day range$54.69 - $55.86
    Previous close$55
    Session gain0.89%
    Average true range$2.17
    50d mov avg$58.67
    100d mov avg$58.16
    200d mov avg$51.44
    Earnings dateOctober 27th, 2021

    Frequently asked questions

    What is General Motors stock symbol?

    General Motors Company is a public company trading in the US stock market with the GM symbol

    Is General Motors stock a buy or sell?

    General Motors had no ratings in the last four weeks Read the article to get additional tips on trading GM stock.

    Will GM go up?

    There were no forecasts posted by analysts in the last month for General Motors.

    Latest General Motors news