General Motors (GM, $60.09) is idling north American plant, on chip shortage
General Motors is idling another north American plant due to to global chip shortage, CNBC reported.
General Motors will temporarily close its facility in Spring Hill, Tennessee later this month. According to the the automaker's estimate, chip shortages will hurt its 2021 operating profit by as much as $2 million.
For the two weeks ended April 5, GM's Wentzville, Missouri assembly plant was temporarily closed. Its Lansing, Michigan plant has been idled since March 15.
GM in upward trend: price may jump up because it broke its lower Bollinger Band on May 12, 2022
GM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 34 of 47 cases where GM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 72%.
Current price $38.22 is below $60.12 the lowest resistance line found by A.I. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -5% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -3%.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GM's RSI Indicator exited the oversold zone, 26 of 40 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 65%.
The Stochastic Indicator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Momentum Indicator moved above the 0 level on May 13, 2022. You may want to consider a long position or call options on GM as a result. In 55 of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 70%.
Following a +7.07% 3-day Advance, the price is estimated to grow further. Considering data from situations where GM advanced for three days, in 212 of 319 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.
The Moving Average Convergence Divergence Histogram (MACD) for GM turned negative on May 12, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In 30 of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at 73%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.
The Aroon Indicator for GM entered a downward trend on May 10, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 57%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.25.
The Tickeron SMR rating for this company is 8 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 49 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 64 (best 1 - 100 worst), indicating steady price growth. GM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 69 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock better than average.
The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 80 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.897) is normal, around the industry mean (2.903). P/E Ratio (6.345) is within average values for comparable stocks, (72.661). Projected Growth (PEG Ratio) (1.297) is also within normal values, averaging (1.483). GM has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (0.430) is also within normal values, averaging (141.420).
Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.
The average market capitalization across the Motor Vehicles Industry is 31.9B. The market cap for tickers in the group ranges from 4.3M to 797.3B. TSLA holds the highest valuation in this group at 797.3B. The lowest valued company is GKIT at 4.3M.
The average weekly price growth across all stocks in the Motor Vehicles Industry was -1.73%. For the same Industry, the average monthly price growth was -9.54%, and the average quarterly price growth was -30.98%. RIDE experienced the highest price growth at 28.27%, while GOEV experienced the biggest fall at -26.62%.
- 5/5/22 4:57 AM: General Motors (GM, $41.17) was a top weekly gainer, with a +6.49% jump
- 4/20/22 8:58 AM: General Motors (GM, $42.08) was a top weekly gainer, with a +5.09% jump
- 3/19/22 4:49 AM: General Motors (GM, $44.82) was a top weekly gainer, with a +7.97% jump
The average weekly volume growth across all stocks in the Motor Vehicles Industry was 46.76%. For the same stocks of the Industry, the average monthly volume growth was 82.63% and the average quarterly volume growth was 15.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA50MA10 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 50%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.38.
13 stocks in the group of tickers confirmed the negative outlook based on the MA50 indicator with average odds of 73%.
The most notable companies in this group are Tesla (NASDAQ:TSLA), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), NIO (NYSE:NIO), Harley-Davidson (NYSE:HOG).
The average market capitalization across the group is 50.9B. The market cap for tickers in the group ranges from 302.4K to 797.3B. TSLA holds the highest valuation in this group at 797.3B. The lowest valued company is RCIT at 302.4K.
- 5/10/22 5:36 AM: Tesla (TSLA, $787.11) saw a $120.0B market cap decrease this week
- 5/6/22 5:04 AM: Tesla (TSLA, $873.28), market cap dropped by $82.2B
- 5/5/22 4:57 AM: Tesla (TSLA, $952.62) saw a $73.7B market cap increase this week
The average weekly price growth across all stocks in the group was -1.29%. For the same group, the average monthly price growth was -7.98%, and the average quarterly price growth was -33.31%. RIDE experienced the highest price growth at 28.27%, while GOEV experienced the biggest fall at -26.62%.
- 5/14/22 4:23 AM: Lordstown Motors (RIDE, $2.45) is a top weekly gainer for penny stocks, rising +28.27%
- 5/14/22 4:22 AM: Great Wall Motor (GWLLF, $1.41) was a top weekly gainer, with a +11.02% jump
- 5/12/22 5:38 AM: Kandi Technologies Group (KNDI, $2.24) is a top weekly loser for penny stocks, falling -16.1%
The average weekly volume growth across all stocks in the group was 36.2%. For the same stocks of the group, the average monthly volume growth was 245.02% and the average quarterly volume growth was 182.1%
- 5/14/22 4:16 AM: The volume for Lordstown Motors stock increased for one day, resulting in a record-breaking daily growth of 292% of the 65-Day Volume Moving Average
- 5/12/22 5:32 AM: The volume for Canoo stock increased for one day, resulting in a record-breaking daily growth of 207% of the 65-Day Volume Moving Average
- 5/5/22 4:51 AM: The volume for Ferrari stock increased for one day, resulting in a record-breaking daily growth of 201% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows