GMA nice inverted HS. Target is $64
Just FYI: DMA200 is often a nice dynamic support to go long. Reinforced by the VWAP, anchored to the start of the impulse.
GM trade ideas
GM General Motors Company Options Ahead of EarningsIf you haven`t bought the dip on GM:
Now analyzing the options chain and the chart patterns of GM General Motors Company prior to the earnings report this week,
I would consider purchasing the 50usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $1.29.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$GM with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:GM after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%.
Will GM be electrified, or will combustion pull it down?CAPITALCOM:GM was in a nice uptrend on the daily all the time since November last year, and then it broke down, leaving the path big time. Made its way back up, only to be pushed back out. Now, it is once again knocking on the door from below. Should it be able to cross into the channel, I believe it could potentially move up towards the recent high of around $50, where it would run into resistance. I would look for a break into the channel, keep an eye of the $50 mark, and then decide forward. Breaking down, there is support just above. $42. Breach of this would open for a short.
General Motors (GM) Shares Surge Nearly 10%General Motors (GM) Shares Surge Nearly 10%
According to the chart for General Motors (GM), the following points stand out:
→ Yesterday, the share price closed above $53, a significant rise from just below $49 the previous day.
→ Since the beginning of the year, the stock has experienced an increase of around 50%.
The sharp rise in price can be attributed to the company's robust Q3 earnings report:
→ General Motors reported a 10% year-on-year increase in gross revenue for Q3, reaching $48.75 billion, significantly higher than analysts' expectations of $44.67 billion.
→ Earnings per share climbed by 30% year-on-year to $2.96, compared to a forecast of $2.49.
→ Additionally, the company raised its earnings guidance for the next quarter and indicated that it is intensifying efforts to launch autonomous vehicles.
Technical analysis of General Motors' stock reveals that:
→ In 2024, the stock has formed an upward channel (highlighted in blue), and the current price has reached its upper boundary.
→ The psychological barrier at $50 per share, which has acted as resistance since July, has now been breached. Notably, the $42 level served as resistance for several months before changing its role; $50 may follow this pattern in the future.
→ The RSI indicator has entered overbought territory.
Will the stock's upward trajectory continue? It is plausible that as investor enthusiasm from the strong earnings report subsides, GM's share price could experience a correction. This seems likely, given its proximity to the upper channel boundary and the overbought status indicated by the RSI. In such a scenario, the price could drop back towards the median line of the blue channel.
According to TipRanks, 11 out of 20 analysts recommend buying GM shares, with an average target price of $55 within the next 12 months. Given the strong fundamental data from General Motors, analysts' forecasts for GM stock may be adjusted upwards.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
GENERAL MOTORS rally expected ahead of major 1W Golden CrossGeneral Motors (GM) is close to a Golden Cross on the 1W time-frame, which is a major bullish development as since its first trading days in November 2010, it has only been formed twice.
The first one was on the week of June 19 2017 and second on March 29 2021. In both cases, the price rallied aggressively and reached the 2.0 Fibonacci extension of the pull-back that took place before. On top of that, its last two lows and the August 05 in particular, tested and successfully held both the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line).
As a result, we expect the price to extend the rally and target at least $65.00.
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GM Stock Dips 5.4% Following a Downgrade by Morgan Stanley General Motors (NYSE: NYSE:GM ) stock took a significant hit following a downgrade by Morgan Stanley on Wednesday, as the investment bank lowered its rating from "Equal Weight" to "Underweight." Analyst Adam Jonas expressed concerns about rising competition from China, growing inventories, and the increasing costs tied to artificial intelligence (AI) integration in vehicles.
The China Factor
The major factor behind Morgan Stanley's downgrade is China, a critical market for NYSE:GM and the global automotive industry. China now produces 9 million more vehicles than it sells, turning what was once a profit center into a significant competitive threat. Jonas remarked that China's overcapacity, especially in electric vehicles (EVs), could put further pressure on Western automakers like GM.
- GM's Market Share Decline: Over the past few years, NYSE:GM has been losing market share both in the U.S. and globally. The company has shifted its focus to electric vehicles and AI-driven technologies, but the costs and complexities of these transitions weigh heavily on its profitability.
- Rising Costs: Another critical aspect of the downgrade is the growing expense of enabling AI in vehicles. As GM pivots towards advanced driver-assistance systems and autonomous vehicles, capital spending continues to rise, with an estimated **$300 million** in additional costs for the foreseeable future.
- Price Target Adjustment: As part of the downgrade, Jonas slashed GM's price target from $47 to $42, a level below the current share price. This adjustment reflects concerns over GM's ability to compete effectively in a rapidly changing market dominated by EVs and AI-enabled vehicles.
Industry-Wide Impact
While NYSE:GM was hit the hardest, the downgrade extended to other U.S. automakers. Rivian (RIVN) and Ford (F) also saw their ratings adjusted. For Ford, Morgan Stanley cited similar concerns, including price/mix headwinds and the risk posed by the growing Chinese market. Meanwhile, Rivian's downgrade was attributed to the high capital intensity of developing its autonomous and EV technologies.
However, Tesla (TSLA) and Ferrari (RACE) were notable exceptions, as Jonas maintained an "Overweight" rating on both companies. Tesla, in particular, is considered well-positioned to benefit from ongoing advancements in AI, battery technology, and its upcoming **October 10 robotaxi reveal, which could set a new benchmark for autonomous vehicles.
Technical Outlook
From a technical perspective, GM's chart paints a bleak picture. As of Wednesday, NYSE:GM stock was down 5.2%, hovering near $45.47 per share, following the Morgan Stanley downgrade. This marks a sharp reversal from GM's year-to-date gains of over 26.2%, placing the stock under significant downward pressure.
The Relative Strength Index (RSI), a key momentum indicator, stands at 42, suggesting the stock is nearing oversold territory and is approaching a bear zone. This indicates potential further downside if selling pressure continues to mount.
Bearish Gap Down: More importantly, the daily price chart shows a gap down pattern, a clear bearish reversal signal. When a stock opens at a lower price than its previous close without trading in between, it creates a gap, often reflecting negative sentiment or new bearish information—such as this downgrade. The gap remains unfilled, adding to the negative outlook.
GM's next critical support level lies at the $42 pivot. Should the stock dip below this level, it could trigger a larger sell-off, dragging NYSE:GM even deeper into bearish territory. Investors will be watching this zone closely to determine whether the stock will hold or break lower, which could catalyze even more selling pressure.
False Dawn or Opportunity?
Despite the current headwinds, GM's stock has rallied over 80% from its lows last November, largely due to factors like the resolution of the UAW strike, the gradual ramp-up of its EV production, and a resumption of Cruise robotaxi rides after a brief suspension. However, the stock's latest downturn raises the question: was this recovery a false dawn?
While the company has made strides in expanding its EV lineup and autonomous driving capabilities, many analysts are wary of its ability to maintain momentum. Rising competition from Chinese automakers, combined with the immense capital required to stay at the forefront of AI and EV technology, puts GM in a challenging position.
For now, Morgan Stanley's downgrade seems to reflect broader concerns over GM's ability to sustain market dominance in the face of these challenges. But with a robust presence in gas-powered vehicles and a growing portfolio of EVs, some investors may still see value at these levels, particularly if GM can address its core challenges and continue its transition to the next generation of automotive technologies.
Conclusion: Tough Roads Ahead for GM
As it stands, NYSE:GM faces a confluence of challenges: increased competition, rising costs, and weakening demand in key markets like China. The technical outlook remains bearish, with further downside potential if the stock breaks below its support at $42. Fundamentally, NYSE:GM must navigate these hurdles while continuing its aggressive shift toward AI and EV technology. Whether or not the stock can recover from this dip will depend largely on its ability to adapt in this increasingly competitive landscape.
Investors should keep a close eye on GM’s next earnings report and market moves, as these will provide more insight into whether this sell-off represents a buying opportunity or the start of a larger downturn.
Fall Rally Patterns Setting Up: GMNYSE:GM was driven down way below its fundamentals by panicky retail. It is now back up into its fundamental level, well ahead of the Fall Rally. The fast recovery indicates that the selling was not aligned with fundamentals. Auto sales have an annual cycle with the highest number of sales in the final quarter of each year.
General Motors initiates downsizing in China amid market shiftsGeneral Motors (GM) is undergoing a significant restructuring of its operations in China in response to declining sales and intense competition from local manufacturers. As part of its strategic adjustments, GM has started to reduce its workforce, particularly in departments focused on the Chinese market, such as research and development. These changes are unfolding as GM plans to meet with its local partner, SAIC, to discuss further capacity reductions and a broader reorganisation of its business strategies in China.
The automotive giant's reorientation towards electric vehicle production and the focus on higher-priced and premium imported models come as the company grapples with the challenges posed by an oversaturated auto market in China. This strategic pivot is aimed at revitalizing GM's brand presence and competitiveness in the world’s largest auto market.
Technical analysis of General Motors (NYSE: GM)
Exploring potential trading opportunities based on the current technical setup of General Motors' stock:
Timeframe : Daily (D1)
Current trend : the stock is currently in an uptrend, with recent activity testing the support line.
Resistance : 45.05 USD
Support : 39.00 USD
Potential downtrend target : should the trend reverse into a downtrend, the downside target could be set at 34.50 USD.
Short-term target : if the uptrend persists and the stock breaks through the resistance at 45.05 USD, a short-term target could be 50.05 USD.
Medium-term target : with sustained positive momentum, the stock price might aim for 55.50 USD.
General Motors' performance, particularly amid ongoing organizational changes and strategic shifts in China, warrants close attention. The company's efforts to adapt to the evolving automotive industry and transition towards electric vehicles could have a substantial impact on its market position and stock performance.
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General Motors (GM) Is a Compelling Buy for Strategic InvestorsIn the intricate world of value investing, few opportunities align with the principles of both Warren Buffett and the sophisticated methodologies employed by DiamondTradingOfficial. General Motors (NYSE: GM) stands out as an undervalued stock with substantial upside potential, driven by a convergence of fundamental strength, strategic innovation, and market mispricing. For discerning investors, GM presents a compelling case rooted in the core tenets of value investing and the advanced trading strategies endorsed by DiamondTradingOfficial.
Fundamental Strength and Strategic Vision
General Motors, a titan in the global automotive industry, has undergone a significant transformation over the past decade. Its aggressive pivot towards electric vehicles (EVs) and autonomous driving technologies positions the company at the forefront of a rapidly evolving market. GM's Ultium battery platform, a modular system that underpins its entire future EV lineup, exemplifies the company’s commitment to innovation. This strategic focus not only enhances GM's long-term growth prospects but also solidifies its competitive moat—a key criterion in value investing.
Furthermore, GM's robust financial health provides a strong foundation for its ambitious endeavors. The company boasts a healthy balance sheet, with ample liquidity and manageable debt levels, ensuring it can weather market fluctuations and capitalize on emerging opportunities. GM’s consistent free cash flow generation, even in a challenging macroeconomic environment, underscores the company's operational efficiency and prudent capital management.
Market Mispricing and Intrinsic Value
From a valuation perspective, GM is currently trading at a significant discount to its intrinsic value. The company’s price-to-earnings (P/E) ratio, hovering well below the industry average, reflects a market that has yet to fully appreciate GM’s transformation and future potential. This disconnect between market price and intrinsic value is precisely the type of opportunity that DiamondTradingOfficial’s proprietary algorithms are designed to identify.
By employing a comprehensive discounted cash flow (DCF) analysis, it becomes evident that GM’s current market capitalization fails to account for its future earnings potential, particularly in the EV segment. This provides a substantial margin of safety, a cornerstone principle in both Buffett's and DiamondTradingOfficial's investment philosophies.
Advanced Trading Principles in Action
DiamondTradingOfficial’s trading strategies go beyond traditional value investing by incorporating advanced technical analysis, sentiment tracking, and macroeconomic indicators. GM’s stock exhibits several bullish technical patterns, including a strong support level that has been consistently tested but not breached. This resilience indicates underlying investor confidence and aligns with DiamondTradingOfficial’s algorithmic buy signals.
Additionally, sentiment analysis reveals a growing consensus among institutional investors that GM is poised for a breakout, driven by its EV initiatives and strong earnings forecasts. The stock’s relative strength index (RSI) and moving average convergence divergence (MACD) also suggest that GM is in the early stages of an upward momentum, making it an ideal entry point for strategic investors.
Conclusion
General Motors represents a unique convergence of value, growth, and strategic opportunity. Its strong fundamentals, innovative vision, and significant market mispricing make it a prime candidate for value investors seeking long-term gains with a margin of safety. Moreover, when analyzed through the lens of DiamondTradingOfficial's advanced trading principles, GM emerges as a stock with not only the potential for substantial appreciation but also the technical support for sustained upward momentum.
For investors who adhere to the principles of value investing and advanced market analysis, General Motors is not just a good stock to buy—it is a strategic imperative.
GM-US STOCKSGM is showing reversal at with divergence in RSI , it break its last LH with trendline
SELL with risk define below HIGH
GM breaking out of flag on weeklyGreat risk vs reward on this one. Lot of support below. Manage risk!
General Motors Rallied. Now it’s Pulled Back.General Motors recently hit a two-year year high, and some traders may see opportunity in its latest pullback.
The first pattern on today’s chart is the price area between roughly $45.70 and $46. The automaker stalled at this level in early April and remained below it all of May. It then broke out sharply on June 10 and has remained above it since. GM tested the zone last week and bounced. Has old resistance become new support?
Second, a pair of bullish gaps after the last two quarterly reports may reflect positive fundamentals.
Third, stochastics have dipped to an oversold condition.
Finally, prices have remained above the 50-day simple moving average. The 8-day exponential moving average (EMA) is also above the 21-day EMA. Those patterns may suggest GM has bullish intermediate and short-term trends.
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General Motors Company (GM)General Motors Company witnessed a rebound after forming a higher low at 45.93, to violate the minor resistance level of 48.04 by yesterday's session. then remaining above this level, will drive GM to test the last peak at 49.35, which is the level that needs to be violated to confirm the current uptrend, with higher targets near 50.35 - 50.80 - 51.50 - 52.90 - 54.35.
The stop-loss lies below 47.00.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
General Motors Company: AutomobilesKey arguments in support of the idea.
• GM's ongoing buyback programs could significantly reduce the number of
shares outstanding.
• The Company's Q2 results are likely to come in above expectations. New car
prices in the U.S. remain high.
• Momentum effects could support further upside for the stock.
Investment Thesis
General Motors Company is one of the largest automakers in North America,
involved in all aspects of the industry from vehicle design to the sale of finished
cars and parts. GM subsidiaries and joint ventures sell vehicles under the Chevrolet,
Buick, GMC, Cadillac, Baojun and Wuling brands.
On June 11, GM's Board of Directors adopted an additional $6 billion share
buyback program. Late last year, the automaker announced a large-scale program
to accelerate the repurchase of its own shares from the market (ASR) amounting to
$10 billion. The program was implemented in the first quarter of this year. GM will
spend another $1.1 billion to buy back its own shares by the end of the second
quarter. Thus, in addition to these payments, the Company can now spend up to
$6 billion on buybacks. We see GM increasing its profit distribution to shareholders
once again. According to our automotive analyst Michael P. Ward (CFA), the total
number of GM shares outstanding will fall to less than one billion by 2025 (30%
lower than the number of shares outstanding as of Q3 2023).
The new buyback program is a signal that we are in for a strong Q2 financial
performance. We expect North American auto sales to bring GM $3.8 billion in
operating profit for Q2, which is in line with Q1 2024 figures. Stable shipment
volumes and strong auto prices should support earnings for the current quarter.
The Company's total adjusted operating profit for the quarter may reach $4.0
billion (+25% y/y), while net income may rise to $3.16 billion (+23% y/y). The FactSet
consensus forecast suggests that net income will come in at $2.88 billion.
Technical factors also speak in favor of continued growth of GM stock price.
Since the end of 2023, GM shares have been on an upward trend, with each new
local high exceeding the previous one, as well as the lows. Additionally, since the
beginning of 2024, GM securities have demonstrated a significantly higher return
compared to the S&P 500 Index. This indicates the relative strength of the stock, a
positive factor from a technical perspective.
Shares of General Motors Company present an attractive buying opportunity,
especially considering that the financial results for the current quarter could
surpass expectations.
The target price for the Company is $55. We recommend to set the stop-loss at
$42.
GM - Increase in Probability of AppreciationFibo clouds have emerged from this latest pivot compacted and aligned in the sequence of timeframes (30', 60', H4 and D) in a way that provides support for the candles to reach the first target. There is a graphical reference that forces us to set the first target at 43.53.
However, if this first target is reached, with a partial realization of 50%, and as long as the stop loss is moved to the position where the trade was entered, it will be possible to let the candles develop towards the target or the loss repositioned
This is our strategy for trading this stock
Risk/Return is 3 and ideally an intermediate target should be placed between the initial and final target.
The original complex fib cloud technique used here was the same as that used in the studies on Exxom Mobil and Apple, as can be seen in the links below
GM: Great Earnings, Great ChartAfter consolidating since March 2022, it looks as if GM is ready for its next leg up.
Target 1: $49
Target 2: $59 & $60
Stop Loss: 50DMA
GM is looking good. 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
🚗💡 General Motors (GM) Analysis 📈🔍Market Overview:
GM is experiencing strong pricing trends driven by robust demand and a focused strategy, according to CFO Paul Jacobson. Analysts are optimistic, with Bernstein assigning an outperform rating and a $55 price target, indicating significant upside potential.
Electrification Strategy:
The imminent launch of the low-cost Chevrolet Equinox EV underscores GM's commitment to electrification, enhancing future profitability and market position.
Investment Outlook:
Bullish Stance: A bullish outlook on NYSE:GM is warranted above $38.00-$39.00.
Upside Target: Target set at $61.00-$62.00, reflecting confidence in strategic execution and growth prospects in the electric vehicle market.
📊🔋 Monitor GM's performance closely for investment decisions! #GM #StockAnalysis 📉🔍
GM 10/1/2023GM
About to blow.
After receiving those COVID bucks that propelled its stock into a nice uptrend, GM spent most of 2021 in a distribution stage, forming an M-top pattern. The price entered a downtrend in February '22 and finally found support in July '22.
The price entered a sideways range, initially resembling a rising wedge but later developing into a sideways channel.
Now price finds itself at the support level of this channel for the fourth time now. It's important to note that the more a support level is touched, the weaker it becomes. Additionally, it is currently under both the 50 and 200 EMA (Exponential Moving Average)
Entering trade short
Entry: 32.99
Stop Loss: 35.07, -6.30%
Target: 19.27, +41.59%, 6.6 RR ratio
GM at a crossroads GM is now at an apex. It is met with an upper resistance and the support of a very respected trendline. There’s going to be movement.
