General Motors Corporation(GM) is in an downtrend

(3-Mar-2008) (3-Mar-2008) General Motors Corporation(GM) closed at 23.28, down -1.22 or -4.98 % today. Based on our analysis, General Motors Corporation(GM) is in an downtrend.

The closing price of General Motors Corporation(GM) is below its 50 day moving average of 25.29 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that General Motors Corporation(GM) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 14-Feb-2008, about 12 trading days ago.