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) fell in the intraday levels, recording a loss of 0.23% in the last session, or 0.09 points, as the stock tries to gather momentum to help it rise anew, while venting off overbought saturation in the Relative Strength Index, as the stock gets buoyed by exiting a descending correctional price channel that guided recent short-term trading, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, as long as the support of 36.99 holds on, targeting the resistance of 40.70.