CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

General Motors

Market Opportunities - 30/09/2021

30 September, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

GENERAL MOTORS weekly uptrend opportunity based On 1.00 Lot Calculation:

  • GENERAL MOTORS, one of the world's largest auto manufacturers, makes and sells cars and trucks worldwide under well-known brands such as Buick, Cadillac, Chevrolet, and GMC. General motors have also pledged to make 30 new global electric vehicles by 2025. So far, GM's only EV available for sale in the US is the Chevy Bolt and the Chevy Bolt EUV. The Hummer EV and Hummer EV SUV will come later this year, followed by the Cadillac Lyriq and the Celestiq.
  • EVENT: INVESTOR’S DAY (Wednesday, October 6: 18:00 to 22:30 GMT+1). According to some analysts, the company should provide details on the EV (electric vehicle) roadmap, financial goals and how will address the chip shortages. Analyst came forward optimistic that General Motors will be able to increase its share in the EV market and potentially convert 20% of its installed base to EVs by 2026.
  • NEW ELECTRIC VEHICLE RELEASED: BrightDrop, which is General Motors’ new dedicated electric delivery van spinoff, has revealed its second vehicle: a smaller van. The new van has a little more than 400 cubic feet of cargo space, and is so named “EV410.” BrightDrop says Verizon has lined up to be the first customer for the EV410, and will use the van in its field maintenance and service fleet.
  • GENERAL MOTORS STOCK PRICE ACTION: The stock reached an all-time high of $64.23 in June 2021. The stock traded last around $53, upside of around 20% to its all-time high reached recently.

GENERAL MOTORS (#GM), September 30, 2021
Current Price: 52.45

General Motors

Weekly

Trend direction

UP

Resistance 3

64.00

Resistance 2

61.00

Resistance 1

58.00

Support 1

48.00

Support 2

46.00

Support 3

45.00

Example of calculation base on weekly trend direction for 1.00 Lot*

General Motors

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

11,550.00

8,550.00

5,550.00

-4,450.00

-6,450.00

-7,450.00

Profit or loss in €**

9,956.90

7,370.69

4,784.48

-3,836.21

-5,560.34

-6,422.41

Profit or loss in £**

8,577.79

6,349.80

4,121.80

-3,304.86

-4,790.20

-5,532.86

Profit or loss in C$**

14,694.83

10,877.99

7,061.15

-5,661.65

-8,206.21

-9,478.49

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 13:51 (GMT+1) 30/09/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details

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  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.