General Motors stock: buy or sell
Apr 22nd, 2021
General Motors stock brief
- General Motors stock skyrocketed 3.08% to close at $57.49 on the stock market on Wednesday.
- General Motors shares are just 9.38% below all-time highs
- Price is drawing a scaled uptrend since May 2020 with higher tops and higher bottoms. This uptrend marked a 185.74% gain
- General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide.
Should I buy General Motors stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Just as when we have to buy shares, deciding when is appropiate to sell is not a whimsy decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed setups are very simple to use and are only applicable for selling shares in your porfolio, not for shorting General Motors stock
A golden rule is that you should not hold an investment that shows a losses greater than those expected upon the buy. The timing to sell shares must always be ruled 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 last month, 3 ratings were published for General Motors. General sentiment is bullish, with 2 out of 3 posting optimistic forecasts
|Mar 29th, 2021|
|Jefferies Financial Group||Neutral|
|Apr 5th, 2021|
|Wells Fargo & Company||Buy|
|Apr 14th, 2021|
General Motors stock analysis
Since in May 2020, General Motors has been printing an uptrend that so far marked an amazing 185.74%. During this uptrend, the price gave some entry points on the breakouts. Latest low was last February, when price bounced at $49.35. Currently, the price trades in a consolidation between its last top ($63.44) and its last bottom ($49.35)
$GM near to All-time Highs
Close to ATH
Supports and resistances
The current resistance levels are:
The current support levels are:
Relative strength index
When the moves for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator is of little use, and we are now in such a case.
General Motors stock price history
General Motors went public priced at an adjusted price1 of $27.05 on Nov 2010. Since then, GM stock surged by 112.53%, with an average of 11.25% per year. An investment of thousand dollars on Nov 2010 would worth $2,125.32 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for General Motors stock
Nobody can predict how much a share will be priced in the future. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions post their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and usually. If you are a small trader you must not buy or sell based on these projections.
The average price target for General Motors stock calculated from the table below is $64.67. General Motors closed at $57.49 on Wednesday, that is a 11.10% than the forecasted price.
|Brokerage firm||Price target|
|Mar 29th, 2021|
|Jefferies Financial Group||$50.00 → $62.00|
|Apr 5th, 2021|
|Wells Fargo & Company||$67.00|
|Apr 14th, 2021|
|Evercore ISI||$62.00 → $65.00|
Earnings and financials
Last February, General Motors Company ($GM) reported EPS for that highly uplifted analysts' expectations. Quarterly EPS was $2.52 per share instead of $1.63. This Q4 report means an earnings surprise of 54.60%. Predicted turnover for Q4 was $36.1 billion but General Motors slightly improved by 3.87%, posting $37.5 billion.Compared to the same quarter one year ago, EPS was $0.05, so current EPS means a increase of 4,940.00%. Looking at turnover, figures skyrocketed a 21.71% compared to $308.3B same quarter last year.
General Motors ($GM) releases Q1 financial report next Wednesday. Analysts expect of $0.94, that is a 62.70% lower than previous quarter.
General Motors performance
|General Motors ($GM)||0.90%||2.10%||69.30%|
Disclaimer:The opinions contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the individual positions of the reader, his or her 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 Comments are published for education purposes only
General Motors summary
|Wednesday, April 21st, 2021|
|Day range||$54.71 - $57.5|
|Average true range||$2.21|
|50d mov avg||$56.18|
|100d mov avg||$51.30|
|200d mov avg||$41.30|
|Earnings date||May 5th, 2021|
Frequently asked questions
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Latest General Motors news
- CNN MoneyHonda teams up with GM on self-driving carsOct 3, 2018