Over the past month, General Motors Company (NYSE: GM) stock has shown a significant decline of 14.53%, reflecting a challenging period for the company’s performance. The negative trend also extends to the past six months, with a decrease of 14.37%, indicating prolonged difficulties in the stock’s value. Year-to-date, the stock has experienced a negative return of 2.63%, and over the course of the past year, it has seen a substantial decrease of 18.72%, adding to the downward pressure on its value.
The stock’s trading volume is an essential metric for assessing market activity. While the average volume is 12.723 million, the current volume stands at 7.393 million, indicating that the current trading activity is below the typical level. This suggests a possible decrease in investor participation or interest in General Motors stock.
In terms of financials, General Motors holds a market capitalization of $45.57 billion, reflecting its total market value. The company’s total revenue is reported at $156.735 billion, providing insight into the scale of its business operations.
The stock’s basic earnings per share (EPS) is $7.21, demonstrating the earnings attributed to each outstanding share of the company. The price-to-earnings (P/E) ratio stands at 4.60, which signifies the multiple of its current stock price to its earnings per share. This relatively low P/E ratio might suggest that the stock is trading at a lower valuation compared to its earnings.
An important aspect to consider is the company’s debt-to-equity ratio, which indicates the proportion of debt compared to equity. General Motors’ debt-to-equity ratio is 158.5%, indicating that its debt levels are higher than its equity. The difference between total assets of $275.83 billion and total liabilities of $199.86 billion highlights this imbalance. The company’s reported debt is $120.45 billion, while its equity stands at $75.97 billion.
Technical Analysis of GM Stock Price in 1-D Timeframe
The historical price movement of GM stock indicates that it found support at the $31.51 level and experienced an upward trend, reaching as high as $40 by July 13th. Following this upward movement, the stock encountered resistance and underwent a significant decline, marked by the formation of lower lows and lower highs.
During its downward trajectory, the stock attempted to find support at key Fibonacci retracement levels, such as 23.60%, 38.20%, and 50.00%. However, these attempts were unsuccessful as the price continued to fall, reflecting persistent selling pressure.
As of the current moment, GM stock is trading around $33.12 and is facing resistance near the $34.01 level. The stock has shown a declining trend around this resistance level. Notably, after a substantial decline, the price found support within a major demand zone and made an effort to stabilize.
Considering these factors, if the GM stock price fails to maintain its current level and experiences a drop, it could potentially reach the nearest support levels at $32.29 and $31.51. On the other hand, if the stock manages to sustain its current level, it may continue its upward movement and aim to breach the first and second resistance levels at $34.01 and $35.39, respectively.
At the time of publishing, GM stock is trading below the major 20 and 50-day EMAs (exponential moving averages), which rejects the GM price trend.
The MACD line at 1.26 and signal line at 1.21 are below the zero line and both lines have narrowed on each other and traits of consolidation are observed. The current value of RSI is 34.03 points. The 14 SMA is below the median line at 30.02 points which indicates that General Motors stock is in bearish territory.
General Motors Company stock price indicates that the traders and investors of the stock price are bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. The technical analysis tools of General Motors stock price also support the bearish sentiment. The EMA, RSI, and MACD indicators highlight downward signals and indicate that a downtrend may continue for the price.
- Support levels: The nearest support levels for General Motors stock price are $32.29 and $31.51.
- Resistance levels: The nearest resistance levels for the General Motors stock price are $34.01 and $35.39.
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