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General Motors - Trouble brews in the auto industryThe prospect of a recession hints at hard times ahead for auto producers, including General Motor Company; over the past six months, this stock lost more than half of its value. Additionally, it continues to constitute new lows, confirming the presence of the downtrend. As a proxy to that, we are bearish on the title and expect worsening economic conditions to impact the auto industry very negatively in the short-term and medium-term future. Therefore, we would like to set the price target for GM to 30 USD and 29 USD. Illustration 1.01 The picture above shows the weekly chart of General Motors Company. It also shows two simple moving averages: 20-week SMA (blue) and 50-week SMA (red). These two moving averages continue to confirm the medium/long term bearish trend. Technical analysis - daily time frame RSI is bearish. MACD and Stochastic are neutral/slightly bearish. DM+ and DM- are bearish. The ADX grows which hints at the increasing momentum. Overall, the daily time frame remains bearish. Illustration 1.02 The weekly chart of GM stock shows the staggering loss of approximately 54% within the past 189 days. Technical analysis - weekly time frame RSI is due to pierce through 30 points, which will further bolster the bearish case for GM. Stochastic, MACD, DM+, DM- are all bearish. Overall, the weekly time frame remains bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:GMShort
by Tradersweekly
10
Trading Idea - #AUTO1My trading idea for Auto1 Group - Buy/LONG Target: EUR 9.00 (+28% profit) The number of vehicles sold at Auto1 has increased, even if the forecast was slightly missed. Gross profit per vehicle (GPU) in the private customer segment is close to the target of €1000, which is surprisingly strong. The overall valuation of the share is positive after the latest reports. The latest news indicates a stronger focus towards profitability rather than growth. On the chart, a formation of a bottom can be observed. A good entry point for optimistic investors.
XETR:AG1Long
by Traderherz-Analytics
AUTOFARM to $30,000+ IN NEXT BULLMARKETI will explain what Autofarm is, and why I believe this token will go to $30,000 or higher in price. Autofarm (AUTO) is one of the most under-rated tokens in crypto. I believe that tokens that serve a purpose will be around in the future, while garbage tokens that have no utility will die out in this bear market - just like previous bear markets. AutoFarm is a yield farming aggregator running on both Binance Smart Chain (BSC) and many other smart chain protocols. It has a circulating supply of 34963 tokens, and a max supply of 80,683. This means there will never be more than 80,683 tokens in existence. You know what other token was yield aggregator token with a similar circulation supply? YFI (Yearn Finance)! And that almost hit a price of $100,000 per token in the last bull market. However, Autofarm is better and different that Yearn Finance! What makes Autofarm better is a couple of things: - It is already the absolute best TOP Yield Aggregator on the following chains: GNO, HECO, OASIS, OKEXCHAIN, BOBA, VELAS - It supports other chains as well, including: MATIC, CRONOS, BSC, AVAX, FTM, AURORA, MOVR, CELO, ONE. - It is a deflationary token. Meaning the supply of Autofarm decreases over time! More and more tokens are burned often. With supply going lower, there will eventually be more demand. Currently, 2436 Auto tokens have been burned forever. - The market cap of Autofarm is only $10,000,000! That's basically nothing - YFI is not a deflationary token, doesn't support as many chains, and the dev also left the project. Defi is the future, and we all know that such protocols are in demand and will continue to be in demand. This token has already been listed on major exchanges like Binance, CoinEx and Cryptocom - making it very easy for anyone to buy Once the bull market is back, we expect the entire crypto market cap to get to atleast 6 trillion dollars in the next big bull run. Defi and Yield Aggregator's end up doing great in bull markets. By the time we get to the next bull market (2025), more Autofarm tokens will be burned from the supply, vault fees are used to perform market buy-backs of AUTO and burnt forever. In 18 months, 2436 tokens were burned. So using that figure, we estimate that in 30 months (Early 2025), about 5000 more tokens will be burned We estimate that roughly about 30,000 of these tokens will be in circulation come 2025. This means that the price of each token will increase in value. We have made calculations as to how high this token can go using the market cap. Remember, the figures below only show a supply of 30,000 by 2025: Market cap of 10m, price per token = $333 Market cap of 100m, price per token = $3,333 Market cap of 1b, price per token = $33,333 Market cap of 10b, price per token = $333,333 The all time high for Auto was almost $14,000 per token. And this was also back when there was more supply in circulation. In time, more and more of these tokens will continue being burned. This means that in 1 decade, we could see this reach a much higher price. Autofarm has been audited by 3 different auditors, including Certik. And also has a github page. To me, having multiple audits + a github page is always a good thing when it comes to evaluating tokens I mentioned earlier that my target for this is $30,000 in 2025. This would require a market cap just shy of 1 billion dollars at a supply of 30,000. Yearn Finance easily surpassed 1 billion market cap, and almost reached a 3 billion market cap. I believe this is a strong project and it is a steal at the current price. I also believe we will see the price drop as we go deeper in the bear market, which should make this a nice coin to dollar cost average. I believe there is a good chance that AUTO gets below $100 in the upcoming months, and a very low chance it gets to $50. Should also likely get a couple bounces in small bull phases from now till halving, possibly to $600. BINANCE:AUTOUSDT BINANCE:AUTOUSD BINANCE:AUTOBUSD COINEX:AUTOUSDT GATEIO:AUTOUSDT
ALong
by Coindatahouse
7
Be ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis. Be ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis. Be ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis. Be ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis. Be ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis. Be ready for big target in Maruti Eliot wave analysis is done. If we consider the 2nd wave is completed then be ready for 3rd wave which is the longest in wave analysis.
NSE:MARUTILong
by Hardikjethwa
TSLA SHORT to $678 - Around March 23rd?Tsla trends are looking like a drop is coming in the next few weeks. With the news and the bounce back from the news, I wouldn't be surprised to see more downside in the future. The good news, is RSI on the D and 4h charts are on the high side, the W and M are on the low side, so we may see some major support take over and lead the price up and over $1000 again before we see anther decent drop. If it does bounce off $678, maybe $673 on the low side, and starts to confirm $700, we might see that move to the upside. I'm thinking short on Monday or Tuesday of next week, and see how low it can go, I'd look to enter around that $674-$679 price, and ride the wave up to $707 or so, and see if we hold $700, which could allow for a push up to $902.
NASDAQ:TSLAShort
by nicktussing77
Auto vs Tether Volume Breakout (215%+ Potential Profits)Auto vs Tether Volume Breakout (215%+ Potential Profits) AUTOUSDT managed to come out its low and challenge EMA50 yesterday on strong volume. This is an early move, meaning that it needs confirmation but the high volume and bullish indicators are good signals. We can easily see AUTOUSDT growing in the days and weeks to come. Conditions for change The blue square is support. Below this level the above analysis is invalidated. Good Friday. Namaste.
ALong
by MasterAnanda
1
Swing trading opportunities ahead of the BudgetThe markets witnessed a correction ahead of the budget and RIL's Q3 earnings release. Here are some stocks and sectors that are there on our radar. Many of these opportunities in our watchlist depend on how the market action progresses over the coming week. What's your watchlist looking like? The complete list: Monthly chart, sectors: Auto. Bank Nifty Media PSE PSU Bank Weekly chart, sectors: Nifty Auto FMCG Infra IT. Media Weekly chart, stocks: Bajaj Auto. Britannia HDFC Bank Hero Motors Infosys. Maruti Godrej CP. IRCTC Nazara Nucleus Sharda Crop Compiled with @AVENUESOFINVESTMENT
NSE:NIFTY
by MarketsWithKR
🆓Auto (AUTO) Jan-1 #AUTO $AUTO . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 600$ zone 🔴Buy : 600 🔴Sell : 750 - 900 - 1050 - 1200 📈BLUE PLAN ♻️Condition : If 1-Day closes BELOW 600$ zone 🔵Sell : 600 🔵Buy : 500 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
ALong
by CryptoStation
3
General MotorsLooks like a double top was confirmed here. I would love to see a W pattern form now for a better price. With the fear of the new COVID variant, potential rate hikes next year, and high CPI reports, some investors may be dropping this stock at the moment which is understandable to some degree. I can see how investors may fear that there may be less car sales next year due to mainly not as much driving if the variant gets worse as well as the interest hike having an affect on vehicle financing. However, this company has proven its ability to weather the storm when COVID introduced itself to our soil. This is still America's car as well as Ford respectfully. Since 2018, assets has outshined liabilities, total equity has been increasing steadily, cash from operating activities have been stable, they have been taking on some new debt but not as much as they have between 2017 -2018, and although they are cashflow negative, it has been increasing since 2015 (-11.27B down to -3.86B). They have also been doing a decent amount of work in the investment area. They've recently announced plans for VAC (Germany materials company) to build a plant in the U.S. that will manufacture permanent magnets for the electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen other models using GM’s Ultium Platform. They've partnered with MP Materials the formation of a strategic collaboration to develop a fully integrated U.S. supply chain for rare earth magnets. They've announced plans to invest more than $51 million to install state-of-the-art equipment at its Bedford, Indiana aluminum die casting foundry to support the manufacture of drive unit castings for the upcoming Chevrolet Silverado EV and other current casting applications. They've also announced plans to form with a joint venture with POSCO chemicals through which the parties will construct a factory in North America to process critical battery materials for GM's Ultium electric vehicle platform. They've done all of this in December. Let's see what happens! Nothing like a Chevy and an slice of Apple Pie! Not Advice! "It's not about being right more than it is about being smarter than your last trade!"
NYSE:GMLong
by Redimere_91
🆓Auto (AUTO) Dec-6 #AUTO $AUTO . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 750$ zone 🔴Buy : 750 🔴Sell : 900 - 1050 - 1200 - 1500 📈BLUE PLAN ♻️Condition : If 1-Day closes BELOW 750$ zone 🔵Sell : 750 🔵Buy : 650 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
ALong
by CryptoStation
1
Technical analysis update: BMW (1st November 2021)BMW continues to grow since 20th August 2021. It currently trades around 87.50 EUR per share. Technical factors are neutral to bullish and because of that we would like to set short-term price target of 90 EUR per share. Technical analysis RSI has bullish structure. We will watch it closely and we will look for eventual crossover above 70 points. We expect such phenomenon to be accompanied by further rise in price. MACD is also bullish, however, it loses its momentum. Stochastic is bullish too; and ADX contains very low value which suggests neutral trend. Because of that we would like to see another confirmation of uptrend by price taking out short-term resistance and then lower bound of upward moving channel. Support and resistance Short-term resistance sits at 89.50 EUR while short-term support sits at 86 EUR. Major resistance lies at 96.39 EUR. Our last analysis on BMW from 10th May 2021: Here we correctly predicted end of correction and eventual resumption of uptrend. We also set 90 EUR price target which was subsequently reached. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade. This content is not financial advice.
XETR:BMWLong
by Tradersweekly
9
Cup and Handle PlayHertz appeared to be filling the gap it created after briefly enjoying life as a meme stonk, but no. Instead it printed a textbook cup and handle, the likes of which I haven't seen on a real stock as opposed to making something up for demonstrative purposes. Even the nice cup and handles you see in the wild don't have this uniform volume profile through the cup. Then comes the news that Hertz is set to spend billions on 100,000 Teslas. This kind of spend usually pushes a stocks price down in the near term but today we saw a gap up over the 9MA which was previously acting as resistance and is now support. After filling today's gap we are looking at a potential green close, which is crazy considering the hurting rental company's expensive announcement. Looking for around $35 by end of next week.
H
by Keeegs