GM Rallies +3.9% Testing All-Time High at $85.18

Trend_Radar
01-09 22:31

$General Motors(GM)$

GM Rallies +3.93%: Testing All-Time High at $85.18, Momentum Confirmed

Latest Close Data

Closed at $85.13 on Jan 9, 2026, up +3.93% (+$3.22). Currently sits just $0.05 below its 52-week (and likely all-time) high of $85.18.

Core Market Drivers

The stock is riding a wave of strong institutional capital inflow over the past week, indicating renewed confidence.

The company's forward P/E has expanded to 7.39, reflecting market optimism about future earnings despite being above its historical average.

Technical Analysis

  • Volume ratio surged to 1.58, confirming strong buying interest behind the breakout.

  • RSI(6) jumped sharply to 73.09, entering overbought territory, signaling intense short-term bullish momentum.

  • MACD histogram improved to -0.63, showing bearish momentum is rapidly decelerating, though the DIF remains below the DEA.

Key Price Levels

  • Immediate Pivot/Resistance: $85.18 (52-Week High). A confirmed break above is critical for further upside.

  • Primary Support: $81.92 (Previous Support). This level should now act as the new floor.

  • Strong Resistance: The psychological $90.00 level post-breakout.

Valuation Perspective

Forward P/E of 7.39 is above its 5.23 historical average and +1 Std. Dev. (6.22), suggesting the market is pricing in improved growth prospects. P/S ratio of 0.42 remains attractive relative to many growth sectors.

Analyst Targets

26 analysts have an average price target of $78.82, below the current price. Sentiment is bullish with 4 Strong Buy, 14 Buy, 8 Hold, and 2 Underperform ratings.

Weekly Outlook

Expect consolidation near the $85.18 high with potential for a breakout attempt.

Sustained trade above $85.18 could target the $87-$90 range in the near term. Failure to break higher may lead to a pullback towards the $82-$83 support zone.

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Comment（1）

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  • Warzypants
    ·01-10 06:51
    Must be all those EV write-offs that’s boosting the stock?
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