Since April 4, 2022, General Motors shares have been trading in a range between the levels of 42 and 31 USD. On October 9, 2023, quotes broke through the lower limit of the range, which increased the risks of a further price drop, as this was happening in the midst of a workers’ strike. But after the disputes were settled, the shares returned to a trading range. The subsequent share repurchase and optimistic forecast from the company's management for 2024 led to an increase in quotations, as a result of which they approached the upper limit of the range. Its breakdown will serve as a catalyst for a further price increase to the next resistance at 50 USD.