GM Shows Multiple Bearish Technical Signals Ahead of Q2 Earnings on July 24

GM5.27%
According to Invezz on July 20, General Motors displayed multiple bearish technical patterns ahead of its Q2 earnings release on July 24. The stock formed a descending flag continuation pattern following recent declines, while the Relative Strength Index (RSI) showed bearish divergence despite price consolidation, signaling weakening upside momentum. Volume data revealed a concerning dynamic: recent rallies occurred on declining volume while declines saw increased trading, indicating market reluctance to pursue higher prices. GM's Q2 results are expected to show revenue of $48 billion and adjusted EPS of $2.85, with market focus on North American profitability margins, electric vehicle sales progress, and China's competitive impact on earnings.
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