General Motors Companys stock price (GM) jumped higher in latest intraday trading, amid the dominance of the upward correctional trend in the short term and trading alongside a rising trend line, supported by positive signals from the Stochastic despite reaching strongly overbought levels, and benefiting from dynamic support due to trading above the 50-day SMA which reinforces the stocks stable positive path.

Therefore we expect the stock to rise in upcoming trading, as long as the support of $47.63 holds on, targeting the pivotal resistance of $54.85.

Todays price forecast: Bullish