Looking long very soon on GM. Could be a good swing.Thank you as always for watching my analysis. I hope you learned something helpful! Remember, only lose what you are willing to! Trading is risky! Always have a stop-loss.
4GM trade ideas
GM General Motors Company Options Ahead of Earnings If you haven`t bought the dip on GM before the previous earnings:
Then 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 35usd strike price at the money Puts with
an expiration date of 2024-4-19,
for a premium of approximately $1.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GM Revving Up for a Short Ride UpGM Daily Chart
Although GM formed a double top, it is showing signs of strength at a support level (green bar). If GM goes up in the beginning of next week, it will go up to 40.
GM is close to the upper trendline of the channel. However, it will likely make a fakeout up to 40, where there is resistance from the gap. This will happen around the time GM's earnings are declared.
GM's ride up to 40 will complete the fifth wave. Then it will be a ride down to 32, the next support level.
GM is about to rally Bag holding candle appeared after a sweep which considered a sign of strength price reacted to the upside following the candle expect a rally towards 50$ then target the high.
$GM Ready for Flat Base Breakout?NYSE:GM I have an alert set right on this flat base resistance line. Should it trigger I will go long with a stop just under the days low. See chart for more details.
Wolfe Research Upgrades General Motors to Outperform From Perform
Jan 4, 202408:27 EST
General Motors Company
GM has an average rating of outperform and price targets ranging from $27 to $95, according to analysts polled by Capital IQ.
General Motors (NYSE: $GM) Announces $10B Share Buy-backGeneral Motors (GM) stock increased by 10.7% on Wednesday after the company announced plans to increase shareholder returns. The automaker announced:
1. A $10 billion accelerated share buyback program
2. A 33% increase in its common stock dividend beginning in 2024
3. Reinstatement of its 2023 earnings guidance
4. The dividend will increase to $0.12 per quarter. General Motors expects net income in the range of $9.1 billion to $9.7 billion.
General Motors Outlook
Scaling back on its EV and driverless vehicle ambitions. Navigating higher labor costs due to a new union contract with the United Auto Workers. Finalizing a 2024 budget that will offset the costs of new labor agreements Reducing capital intensity, developing products more efficiently, and reducing fixed and variable costs.
GM is only recently emerging from the six-week strike that cost the company more than $1.1 billion during the third and fourth quarters. GM lost more than 31,000 units of production, more than competitors Ford and Stellantis.
Despite Wednesday's jump, GM stock is down 5.56% year to date.
Technical Analysist
The 10-day chart shows that GM stock has been fluctuating between a low of $26.30 on November 20 and a high of $31.75 on November 30. The stock has experienced some volatility due to various factors, such as the global chip shortage, the electric vehicle competition, and the regulatory and safety challenges of its self-driving subsidiary Cruise.
Price Momentum
General Motors (NASDAQ: GM) is trading in the middle of its 52-week range and below its 200-day simple moving average. Investors are still evaluating the share price, but the stock still appears to have some downward momentum.
General Motors (NASDAQ: $GM) Announces $10B Share Buy-backGeneral Motors (GM) stock increased by 10.7% on Wednesday after the company announced plans to increase shareholder returns. The automaker announced:
1. A $10 billion accelerated share buyback program
2. A 33% increase in its common stock dividend beginning in 2024
3. Reinstatement of its 2023 earnings guidance
4. The dividend will increase to $0.12 per quarter. General Motors expects net income in the range of $9.1 billion to $9.7 billion.
General Motors Outlook
Scaling back on its EV and driverless vehicle ambitions. Navigating higher labor costs due to a new union contract with the United Auto Workers. Finalizing a 2024 budget that will offset the costs of new labor agreements Reducing capital intensity, developing products more efficiently, and reducing fixed and variable costs.
GM is only recently emerging from the six-week strike that cost the company more than $1.1 billion during the third and fourth quarters. GM lost more than 31,000 units of production, more than competitors Ford and Stellantis.
Despite Wednesday's jump, GM stock is down 5.56% year to date.
Technical Analysist
The 10-day chart shows that GM stock has been fluctuating between a low of $26.30 on November 20 and a high of $31.75 on November 30. The stock has experienced some volatility due to various factors, such as the global chip shortage, the electric vehicle competition, and the regulatory and safety challenges of its self-driving subsidiary Cruise.
Price Momentum
General Motors (NASDAQ: GM) is trading in the middle of its 52-week range and below its 200-day simple moving average. Investors are still evaluating the share price, but the stock still appears to have some downward momentum.
General Motors Surges on Dividend Boost, $10 Billion BuybackGeneral Motors (NYSE: GM) - shares powered higher Today after the carmaker updated its profit guidance following the United Autoworkers Union strike while unveiling plans to boost its quarterly dividend and buyback $10 billion in stock.
General Motors said the six-week UAW strike, which ended late last month, would clip around $1.1 billion from the group's bottom line, but would ultimately improve free cash flows thanks in part to strike-related shutdowns at various facilities around the country.
GM said it now sees full-year adjusted profits in the region of $11.7 billion to $12.7 billion, down from its prior forecast of $12 billion to $14 billion. Diluted earnings, GM said, would likely come in between $7.20 and $7.70 per share, compared to its prior range of between $7.15 and $8.15 per share.
The carmaker also said it would boost its quarterly dividend by 33%, to 12 cents per share, starting in 2024 while immediately retiring $6.8 billion in GM stock through its new $10 billion buyback.
GM's free cash flow forecast was lifted to between $10.5 billion and $11.5 billion, a $2.5 billion boost from the higher end of it pre-strike forecast.
Price Momentum
GM is trading in the middle of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some downward momentum. This is a Neutral sign for the stock's future value.
GM - Bulling opportunityBullish opportunity on GM. This one might be a bit on the riskier side. However I like to enter before everyone else does. And that means identifying areas/levels. Mainly where stop orders get hunted.
Mid December expiry. Options.
GM: breakaway gap?A price action above 28.00 supports a bullish trend direction.
Increase long exposure for a break above 31.00.
The target price is set at 32.00 (just below its 38.2% Fibonacci retracement level).
The stop-loss is set at 28.00.
A breakaway gap seems to occur.
Remains below its 200-day simple moving average and is regarded as a counter-trend strategy.
GM General Motors Company Options Ahead of EarningsIf you haven`t bought GM ahead of the previous earnings:
Then analyzing the options chain of GM General Motors Company prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2023-12-15
for a premium of approximately $1.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
$GM: 30 May FallNew news came out today from the UAW saying that strikes may become more common in today's world at that new ones may occur without warning. This kind of news has the possibility of taking the stock down a lot further in the face of uncertainty I believe. We'll stay tuned to find out though, good luck traders.
www.reuters.com
Stocks pairs trading: GM vs FI'm diving into a pairs trading strategy featuring two titans in the automotive industry: General Motors (GM) and Ford (F). Both companies are household names with a rich history in the automotive sector, but their financial metrics reveal key differences that present a trading opportunity. I'm contemplating going long on General Motors and short on Ford, aiming to capitalize on their distinct financial landscapes.
Why Go Long on General Motors (GM):
Valuation : GM has a P/E ratio of 4.34, significantly lower than Ford's P/E ratio of 11.84. This makes GM comparatively less expensive and potentially undervalued.
Dividend Yield : GM offers a dividend yield of 1.43%, which, while lower than Ford's 4.60%, comes with stronger fundamentals such as higher ROA and ROE.
Profitability : GM's ROA and ROE stand at 3.88% and 15.14% respectively, much higher than Ford's ROA of 1.62% and ROE of 9.42%.
Performance Metrics : Despite negative performance across multiple timeframes, GM's stronger fundamentals could position it well for a rebound in the longer term.
Why Short Ford (F):
Valuation : Ford's higher P/E ratio of 11.84 suggests that it might be more expensive relative to its earnings than GM, potentially making it overvalued.
Short Interest : Ford has a higher short float of 3.67%, implying it could be more susceptible to negative market sentiment, thereby making it a candidate for a short position.
Profitability : Ford's lower ROA and ROE figures compared to GM indicate less efficiency and profitability, supporting the decision to go short on the stock.
Performance Metrics : Despite Ford's positive performance YTD, its weaker financial fundamentals compared to GM make it a riskier long-term investment.
Decision:
Long on 1 GM
Short on 3 F
$GM - What will it be?NYSE:GM is currently at a critical support zone, trading at the lower trendline of a consolidation channel and near a Fibonacci support level.
If GM breaks below $30, there's a potential for it to decline further to $26.
The outcome depends on UAW negotiations, which could lead to either a bounce from the current support or a breakdown to $26.
What will it be? 👀
General Motors is Still in the Game! Trading Idea for 06/10/2023Amid the UAW (United Auto Workers) strike, General Motors' shares reached a three-year low. The automotive giant's management is likely to eventually come to an agreement with the workers' demands.
It is interesting to note that in Q3 2023, General Motors and its dealers sold 21% more cars than in the same period last year, leading to a 19% year-over-year growth in total sales. In addition, the implementation of electric vehicles has seen a 33% increase year-over-year. Once the strike comes to an end, this outstanding performance will likely be reflected in the growth of stock prices.
Consequently, our focus today is on the General Motors (NYSE: GM) chart.
On the D1 timeframe, resistance is currently at 33.43, with support at 32.18 having broken through this Tuesday 3 October. Yesterday quotes rebounded from a crucial historical level at 30.02.
On the H1 timeframe, the short-term target for the price increase is around 35.25, while in the medium term, it could reach 44.75.
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GM - BULLISH SCENARIO General Motors (GM) made a counteroffer to the United Auto Workers (UAW) to resolve a three-week strike. UAW President Shawn Fain plans an update on talks with Detroit's automakers. The strike, including Ford and Stellantis, began on Sept. 15. GM's counteroffer is its sixth, but "significant gaps remain." Negotiations with Ford show progress on pay increases. Talks with Stellantis have been active. Ford offered a more than 20% wage increase over the contract's life. Other issues, like union representation at battery plants, remain unresolved. GM secured a $6 billion credit line due to the strike's estimated $200 million cost. UAW members at Mack Trucks will receive a 19% pay hike over five years in a tentative agreement.
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GM TA - General Motors going downhey guys whats up its amir
So General Motors, what exactly do we have here:
- Beautiful bearish flag just got broke down
- I want you to notice to the RMACD we had last week a bull trigger and got rejected and now were closing a bearish trigger, and exactly the same happened in the drop last time (vertical lines) its a sign that the bears are stronger than the bulls.
- Watch at the volume indicator, for about two years you can see clearly who have control on the stock look at all the red bars, clearly the bears are in charge here.
- Good risk reward ratio 1:3 its fine.
defintely work for me.
*not financial advisor*
GM Retesting $18 -21 Range - Bearish Flag FormationGM Retesting $18 - Bearish Flag Formation;
Airbag Recall + Unsold inventories + UAW strikes and layoffs as cover up for failed pricing strategy. Major FAIL>>>
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
GM 3BarPlayHere is a 3 bar play also known as a 1-2-3 pattern accompanied by a bull flag on the 5m that has already broken out. Will be looking to ride calls up to the dotted line level which is the last swing high. Simple but effective. If price is not able to hold above the green "Calls" level then the play will be invalidated.
GENERAL MOTORS Confirmed buy signal.General Motors Company (GM) has completed 3 days of trading above the 4H MA50 (blue trend-line), with the 4H RSI almost 60.00. The long-term pattern is a Triangle and the recent Double Bottom was within the Higher Lows Zone that is in place since July 05 2022. Every time the price broke above the 4H MA50 after a 4H RSI oversold bounce on Higher Lows, we had a low risk buy entry at our hands.
There is a 12-month Resistance Zone that we should revisit on the long-term but on the more short/ medium-term we will target the 0.786 Fibonacci retracement level at 39.00, which was the targeted extension on the Lower Highs trend-line during the July High.
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GM, Building Massive Formation, These Levels Are Important!Hi my friends,
Welcome to this analysis about the stock value GM, we are looking at the 4-hour chart, I noticed a divergence between the traditional car-industry stock like GM at the moment and the new electronic cars TSLA, while TSLA going down GM went up the last days. This is an interesting divergence worth to look nearer in, nevertheless, overall GM was one of the weaker stocks since the corona breakdowns and lows established, it is still trading below its all-time-high where others made already new highs and risings, therefore I detected the important levels and possible outcomes for this stock we should consider at the moment.
Looking at my chart you can watch there this huge blue trading channel the stock is trading in, furthermore, it has an established wave-count where it recently completed wave A and B to now form the major wave C in the structure, this wave will run into resistance as the stock still has above in the upper boundary coming together with the black falling resistance line marked in my chart, when the stock approaches this cluster in red there is a higher possibility given for a bearish confirmation to the downside, setting up the next wave D in the wave-count, this can lead to the back-up-zone marked in blue in my chart and a set up for the final wave E which will complete the overall wave-count, this last wave will be highly crucial as it has the potential to confirm the channel the stock is trading in as a bear-flag, this scenario will occur when the stock comes into the zone of the lower boundary anew and closes below it which will cause highly bearish pressure to the downside and activation of lower levels within a high possible spectrum.
The next times will show how the stock will continue with its eave-count and when there is a end, technically speaking as the stock is one of the weaker stocks trading below the previous established high, the bearish scenario should not be kept by side as it will confirm when the wave-count ends and crushes below the lower boundary as mentioned. This is currently the most likely scenario to come across with however there is a smaller possibility given that it will invalidate which will happen when the stock manages to hold the lower boundary sustainably and moves above the wave-count to form a new high.
In this manner, thank you for watching, support for more market insight, good day to you and all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
$GM 5th Times a charm?Repetitive test of support, looking for a bounce, maybe this time it can breakout and retest ATH? If not, a nice 21% move is can help.
GM: Target at $39The chart shows a clear consolidation channel, within which you and I will now earn money. I’m trying to go long from the current ones with a target of $39. Buy signals have been generated on the daily chart, so I will try to implement this scenario. Not an investment recommendation.
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