General Motors tries to recoup some losses - Analysis - 28-04-2022

General Motors' stock (GM) rose 1.63% in the last session, settling at 38.66, after the automaker announced disappointing results in the first quarter due to supply disruptions.

The stock is trying to recoup some recent losses amid the dominance of the main downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, with trading volumes surpassing 19.8 million shares. 

Therefore we expect the stock to return lower, targeting the support of 35.40, provided it settles below the resistance of 39.75. 

Expected trend for today: Bearish