GE Technical Analysis - GEFRAN SPA

Technical Rating and Analysis

Overall GE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GE has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: GE has an average volume of 10212 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that GE is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by GE over the past year are nicely spread over this period.

GE is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 76% of 53 stocks in the same industry.

A new 52 week high is currently being made by GE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month GE has a been trading in the 10.35 - 12.20 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although GE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.84

12.12

When analyzing the support we can see 7 important areas.

A support zone ranging from 11.08 to 11.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 10.63 to 10.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @10.25 from a horizontal line in the daily time frame.
Support @9.91 from a horizontal line in the daily time frame.
Support @8.52 from a trend line in the weekly time frame.
Support @8.14 from a horizontal line in the weekly time frame.
Support @7.92 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for GE.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GE.MI is up.
ChartMill Relative Strength	86.98	POSITIVE	GE.MI has a high relative strength, it outperformed 86.98% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GE.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GE.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GE.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	78.54	OVERBOUGHT	The high RSI value suggests GE.MI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests GE.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	94.89	OVERBOUGHT	The high Stochastics value suggests GE.MI may be overbought.
Average True Range in percent/ATR (20)	2.02	MEDIUM VOLATILITY	The ATR as a percentage value for GE.MI suggests some volalility.
Average Directional Index/ADX (14)	24.84	NEUTRAL	The ADX value for GE.MI suggests a possible start of a new trend.