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GM trade ideas

General Motor will reach new highs?In 2021 NYSE:GM has a long-term uptrend, with short-term sideways and downtrends. From September 2021 until today, the stock has increased significantly, reaching new highs at the beginning of 2022; however, around the price area of ​​65, the stock find a resistance. Currently, the uptrend is still healthy, especially if prices remain above the support in area 59 (gap zone). In the following chart it is possible to analyze the movement of NYSE:GM against its reference benchmark SP:SPX . NYSE:GM 13-period and 50-period moving average with positive inclination (positive momentum) , the shorter moving average probably will cross the longer moving average to the upside. SP:SPX cross downside the 13-period moving average. The Relative Strength Index is rising and the moving average has a positive slope. Given these considerations, the NYSE:GM stock has positive momentum against the S&P 500 index. COMPANY DESCRIPTION NYSE:GM is one of the world's leading automotive companies. The company's brands include Chevrolet, GMC, Cadillac and Camaro. Auto sales account for over 90% of turnover, with the remainder being financial services. General Motors is focused on traditional cars but is also positioning itself to participate in the revolution that could come from electric cars. Mainly active in the United States, where it generates over 80% of its turnover. CONSIDERATIONS ON THE COMPANY General Motors closed the third quarter of 2021 with data above expectations, but in contraction due to the problem of the lack of microchips and the weak warehouse. Revenues fell to USD 26.8 billion, while adjusted EPS fell to USD 1.5. However, management have revised the previously reported guidance upwards, expecting adjusted EBIT of USD 11.5-13.5 billion and adjusted EPS between USD 5.7 and USD 6.7, thanks above all to the agreement reached with LG Electronics . General Motors recently announced USD 27 billion in electric car investments by 2025 (USD 7 billion more than previously planned), with the goal of launching 30 models worldwide. Dr . Cunti Mattia, CFTe®, EFA ** WARNING ** The content of the analysis just carried out is the result of personal opinions and does not constitute a solicitation to buy or sell any financial instrument. These views therefore do not constitute advice or a recommendation to invest or disinvest. The analyzes are for informational purposes only, and do not constitute personalized advice, as the writer does not know the personal characteristics of any of the readers, especially income flows, ability to bear losses, equity consistency.
NYSE:GM
by Tia_Cnt
$GM - ascending triangle breakout Previous cup and handle failed when the handle broke down and resulting in ascending triangle play now. Looks like GM is about to break out of the ascending triangle it's been forming. Breaking above $65 for at least 3 trading session is bullish and the price can head to $80 in the long run. Target 1 - $72.50 Target 2 - $80 Risk - failing to break and stay above $65 and retrace back to $60 - $55 area. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:GMLong
by PaperBozz
General MotorsLooks like a double top was confirmed here. I would love to see a W pattern form now for a better price. With the fear of the new COVID variant, potential rate hikes next year, and high CPI reports, some investors may be dropping this stock at the moment which is understandable to some degree. I can see how investors may fear that there may be less car sales next year due to mainly not as much driving if the variant gets worse as well as the interest hike having an affect on vehicle financing. However, this company has proven its ability to weather the storm when COVID introduced itself to our soil. This is still America's car as well as Ford respectfully. Since 2018, assets has outshined liabilities, total equity has been increasing steadily, cash from operating activities have been stable, they have been taking on some new debt but not as much as they have between 2017 -2018, and although they are cashflow negative, it has been increasing since 2015 (-11.27B down to -3.86B). They have also been doing a decent amount of work in the investment area. They've recently announced plans for VAC (Germany materials company) to build a plant in the U.S. that will manufacture permanent magnets for the electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen other models using GM’s Ultium Platform. They've partnered with MP Materials the formation of a strategic collaboration to develop a fully integrated U.S. supply chain for rare earth magnets. They've announced plans to invest more than $51 million to install state-of-the-art equipment at its Bedford, Indiana aluminum die casting foundry to support the manufacture of drive unit castings for the upcoming Chevrolet Silverado EV and other current casting applications. They've also announced plans to form with a joint venture with POSCO chemicals through which the parties will construct a factory in North America to process critical battery materials for GM's Ultium electric vehicle platform. They've done all of this in December. Let's see what happens! Nothing like a Chevy and an slice of Apple Pie! Not Advice! "It's not about being right more than it is about being smarter than your last trade!"
NYSE:GMLong
by Redimere_91
$GM - Forming cup!GM broke out of inverse head and shoulder and now forming cup. Breaking above the cup's rim around $65, the price could reach $79. Target 1- $72.50 Target 2 - $79 Risk - Failure to break above $65 and pull back to $59 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:GMLong
by PaperBozz
GM ATH Break Weekly Options PlayDescription Been watching these fans lines play out in accordance with the Fan Principle in general technical analysis, but did not want to enter a position off of them. Now, off of the third fan break and and ATH break, it seems that the principle has held true, and signaled an end to the intermediate corrective trend. The break and close over ATH signals a supply exhaustion. Using long calls. Long Call Levels on Chart SL < 64 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/26 65C R/R & Breakevens vary on fill. The long call is placed ATM for higher chance of profit. Manage Risk Only invest what you are willing to lose
NYSE:GMLong
by BarnardR
GM bull flag on the hourly chart and the 5 minute chart $GM +$65 (over $65 for Calls) Price targets: $65.7, $67.7 Technical Analysis: Bull flag breakout on the hourly and the 5sma News Catalyst: "General Motors is steadily approaching a $100 billion market valuation after shares of the automaker reached a record high on Wednesday. GM’s gains come as shares of newly public electric vehicle start-ups Rivian and Lucid Group, which briefly surpassed GM in market cap Wednesday... GM is celebrating the opening of its first dedicated electric vehicle plant in Detroit. GM CEO Mary Barra rang the opening bell from the facility earlier on Wednesday; President Joe Biden will visit the plant in the afternoon." - CNBC
NYSE:GMLong
by MalcolmInTheMoney
GM1. Targets of the correction on the chart (turquoise lines). Now the company has lost about 40% of the growth of the expected wave (III). Globally, it can reach the previous high, at least with a target of 64.26. Of course, the price may go much higher than the designated level, but this is a much more long-term view, this topic has many problems. On the one hand, growth could be driven by the company's shift towards EV production - a clear trend in the new decade. Indeed, there is this trend or it is imposed on us by big capital, it is better to tell serious economists and experts on conspiracy theories. Another important point for growth is that production is lagging behind sales, but this is decreasing car inventory around the world, which could cause pent-up demand. According to the US Automotive Innovation Alliance, production will decline by 1.27 million vehicles, however: "there are expectations that the semiconductor problem may return to normal in the second quarter, but it may be a longer process." For fans of financial indicators like p / e, ebitda, p / s - the company is one of the cheapest on the market, comparing with the same Tesla. But it is at about the level of Volkswagen. ROE = 14.39% - can be considered good. As the GM and green tech business scales, the market may overestimate how much its stock is worth. And now is a good time to try to be one of the first to jump on this train. There is also a trend for new fuel cells like Hydrogen. General Motors has been working on fuel cells for over 50 years, giving it the foundation and technical know-how to adapt quickly. The company has a range of batteries and is spending more than $ 35 billion on various forms of clean technology through 2025 to build on the results of its research. The company has partnered with Navistar to supply its Hydrotec fuel cell feed cubes for use in commercial trucks. Also partnered with Westinghouse Air Brake Technologies to use its batteries and fuel cells on a new generation of freight locomotives. He is even involved in a demonstration project with the privately held Liebherr Aerospace to study the use of hydrogen to power aircraft. (WORTH SEEING AND Plug Power) 2. Targets of analysts: 9/10/21 Wells Fargo Maintains Overweight 63.0 8/09/21 Jefferies Maintains Hold 53.0 8/05/21 Credit Suisse Maintains Outperform 75.0 7/08/21 Wedbush Initiates Coverage On Outperform 85.0 Institutional investors have been buying securities more actively than selling securities in the last 2 quarters. Of the largest, it can of course be noted that Berkshire Hathaway Inc reduced its share by 10.4% (total ownership 3.55 billion), Morgan Stanley increased its share by 12.3% (total ownership 779 million), Price T Rowe Associates Inc. MD reduced by 33.8% (total ownership 746 million), UBS Asset Management Americas Inc increased its share by 8.7% (total ownership 348 million) 3. It is also worth noting that the recovery of the automotive business will have a positive impact on companies that are related to plastics and chemicals (TiO2) P.S. I apologize for the possibly crooked text, I use a translator to have contact with a foreign audience.
NYSE:GMLong
by S0rt0
GM Weekly Options PlayDescription GM Huge supply line right at the previous ATH, 64. I was initially looking for a break and close over this line for a long entry, but this is a solid rejection for a credit spread. Call Credit Spread By Expiration Max loss occurs at any strike over the long call (66) Max gain occurs at any strike under the short call (64) SL > 340 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/19 66C SELL 11/19 64C R/R & Breakevens vary on fill. Looking to make 30% return on collateral in 1 week. The short call is placed at previous ATH for good balance of success and profit. The long call is placed 2 points away IAW collateral requirements, risk tolerance, and R/R. Manage Risk Only invest what you are willing to lose
NYSE:GMShort
by BarnardR
General Motors Company (GM) - shortSignals Position: Short Target Price : $58 Entry Price: $64 Stop loss: $66 Indicators RSI is above 70 STOCH is above 80 and the indicator has negative, meaning is could have already reached the peak MACD is only slightly above the signal line The stock price is in the upper band of the Keltner Channel Analysis The stock is in an uptrend, made of impulses and pullbacks but has now reached the resistance level after two long bullish candlesticks. Nevertheless the MACD does not signal a strong bullish momentum and Stochastic indicator and RSI already show an overbought stock. Furthermore the stock price is currently above the upper band of the Keltner channel, so we can expect it to retrace back to the closest moving average. The entry price is at resistance level, and we use the Fibonacci retracement tool to set the profit target at the 0.618 level. No financial advice.
NYSE:GMShort
by vf_investment
1
Breakout or Rejection!?Money Makers! GM is on its way to retest previous highs. I possible breakout or rejection is incoming. Let's stay patient and have your orders ready! Let me know what you think will happen below. I'm curious. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market structure, Area of value, and Entry Trigger. Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice.
NYSE:GM
by rnaofs
2