General Motors Company (GM) stock price declined in its latest intraday trading, as the stock attempted to take profits from its previous gains and relieve some of its overbought levels evident on the Stochastic indicators, especially with bearish signals starting to emerge. This pullback may allow the stock to gather positive momentum that could help it recover and climb again, supported by the ongoing positive pressure from trading above its 50-day SMA, and under the dominance of an upward short-term trend aligned with a rising trendline.

Therefore, we expect the stock to rise in its upcoming trading, especially as long as it holds above the $53.30 support level, targeting the key resistance level at $61.25.

Today's price forecast: Bullish