Stock Of The Day: Is The General Motors Downtrend Over?
Stock Of The Day: Is The General Motors Downtrend Over?
Some analysts believe that markets are efficient and stocks follow a 'random walk'. They are wrong. If the markets were random, all price levels would have equal importance. Clearly, that's not the case in the markets.Shares of General Motors Company (NYSE:GM) are little changed Monday despite news that rivals Honda Motor Co., Ltd. (NYSE:HMC) and Nissan Motor Co., Ltd. (OTC:NSANY) are discussing a merger.
尽管竞争对手本田汽车（纽交所：HMC）和日产汽车（场外交易：NSANY）正在讨论合并，但通用汽车公司（纽交所：GM）周一的股价几乎没有变化。
This would create the world's third-largest automaker.
这将创造世界第三大汽车制造商。
It is not clear how this would affect the long-term prospects of GM. But in the short term, the recent downtrend may be over. The stage may be set for a rally. This is why we have made it our Stock of the Day.
尚不清楚这将如何影响通用汽车的长期前景。但从短期来看，近期的下行趋势可能已经结束。可能会出现反弹。这就是我们将其选为今日股票的原因。
Some analysts believe that markets are efficient and stocks follow a 'random walk'. They are wrong. If the markets were random, all price levels would have equal importance. Clearly, that's not the case in the markets.
一些分析师认为市场是有效的，股票遵循“随机游走”。他们错了。如果市场是随机的，所有价格水平将具有同等的重要性。显然，这在市场中并不是这样。
As you can see on the chart below, the $50.00 level has been important for GM since August. It was well-defined resistance and now it has converted into a support level.
正如您在下面的图表中所看到的，50.00美元的水平自8月以来对通用汽车非常重要。它曾是明确的支撑位，现在已经转变为压力位。
From a traditional fundamental analysis point of view, there is no reason why a stock should turn when it reaches a round level like GM did. But from a technical analysis perspective, the reason why is clear. It is because of investor and trader psychology.
从传统的基本面分析的角度来看，股票在达到一个像通用汽车那样的整数水平时不会转变是没有理由的。但从技术面分析的角度来看，原因很明确。这是由于投资者和交易者的心理。
Read Also: ChargePoint Inks Pact With General Motors – Eyes Installing Ultra-fast Charging Ports At Key Locations
另见：ChargePoint与通用汽车达成协议——计划在关键位置安装超快速充电桩。
People like to place orders at nice round levels, and that is what happened here.
人们喜欢在整齐的价格水平下下单，这就是这里发生的情况。
In addition, there is support at the $50.00 level because it had been resistance. In the financial markets support forming at levels that were previously resistance is a common occurrence. It also is because of investor and trader psychology.
此外，在$50.00水平有支撑位，因为它曾是压力位。在金融市场上，支撑位形成在以前为压力位的水平上是常见现象。这同样也源于投资者和交易者的心理。
It is due to 'seller's remorse'.
这与“卖方悔恨”有关。
When the $50.00 resistance was broken and the price moved higher, a number of the people who sold shares at the resistance decided that the decision to sell was a mistake. Some vowed to buy their shares back if they can do so at the same price they were sold at.
当$50.00的压力位被突破，价格上升时，一些在压力位卖出股票的人决定他们卖出的决定是个错误。有些人发誓如果能以相同的价格买回他们的股票，就会买回。
As a result, when the stock fell back to $50.00, they placed buy orders. The large concentration of these orders formed support.
因此，当股票回落到$50.00时，他们下了买入订单。这些订单的大量集中形成了支撑位。
Some of these buyers may become concerned others will be willing to pay higher prices and they know this is who the sellers will go to. So, they may increase the prices they are willing to pay. Others will see this and may do the same.
这些买家中的一些人可能会担心其他人会愿意支付更高的价格，他们明白这就是卖方会找到的对象。因此，他们可能会提高他们愿意支付的价格。其他人看到这一点后也可能会这样做。
It could result in a bidding war or snowball effect that forces GM into a new uptrend.
这可能导致一场竞价战或滚雪球效应，迫使通用汽车进入新的上涨趋势。
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Image: Shutterstock
图片：shutterstock
