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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1600
|
-0.0012
|
0.1055%
|
|
|
|
|
1.3734
|
-0.0035
|
0.2567%
|
|
|
|
Tadawul
|
11807.79
|
-43.89
|
0.37%
|
|
|
|
|
24.053
|
-0.423
|
1.728%
|
|
|
|
|
82.213
|
-2.714
|
3.196%
|
|
|
|
|
84.49
|
-1.86
|
2.15%
|
|
|
|
|
1794.730
|
-9.315
|
0.516%
|
|
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