Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
General Motors' stock (GM) closed flat in the intraday levels, after leaning on the main upward short-term trend line, as the stock tries to garner momentum to help it rise anew, countered with negative pressure from the 50-day SMA, in addition to negative signals from the RSI.
Therefore we expect the stock to rise in the coming trading, targeting the resistance of 43.00, provided the support of 40.70 holds on.