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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