General Motors Company (GM) remained lower in recent intraday trading as the stock attempts to rebuild positive momentum that could help it break above the key resistance level at $87.30, which was the price target in our previous analysis. At the same time, the stock is working off its overbought conditions on the momentum indicators, particularly as fresh bearish signals continue to emerge. Despite this near-term pressure, the broader technical outlook remains positive, with the stock continuing to trade above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and reinforcing the stability of the primary medium-term uptrend.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, particularly if it breaks above the key resistance level at $87.30. Under this scenario, the stock is expected to target the next resistance level at $98.00.

Today's price forecast: Bullish.