General Motors collects profits - Analysis - 14-10-2021
2021-10-14 10:13:58 GMT
(Economies.com)
General Motors' stock (GM) fell 2.02% in the last session on profit-taking, while gathering positive momentum to help it rise anew, as the stock vented off overbought saturation in the RSI, settling at 57.77, while hurt by exiting a descending price channel that guided recent short-term trading, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 64.00, provided the support of 53.50 holds on.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0265
|
0.0067
|
0.6597%
|
|
|
|
|
1.2139
|
0.0022
|
0.1816%
|
|
|
|
|
20.583
|
0.219
|
1.075%
|
|
|
|
|
92.262
|
3.784
|
4.277%
|
|
|
|
|
97.88
|
-1.74
|
1.75%
|
|
|
|
|
1796.970
|
15.295
|
0.859%
|
|
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