GENERAL ELECTRIC (GE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GE - US3696041033 - Common Stock
We assign a technical rating of 10 out of 10 to GE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GE is showing a nice and steady performance.
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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175.45
When analyzing the support we can see 5 important areas.
- A support zone ranging from 317.88 to 318.50. 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 297.18 to 304.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @291.49 from a horizontal line in the daily time frame.
- A support zone ranging from 283.59 to 283.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @177.22 from a trend line in the weekly time frame.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GE is up. |
| ChartMill Relative Strength | 92.26 | POSITIVE | GE has a high relative strength, it outperformed 92.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.61 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.9 | POSITIVE | The MACD value suggests GE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.42 | NEUTRAL | The Stochastics value for GE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.69 | NEUTRAL | The ADX value for GE suggests a possible start of a new trend. |
321.59
+7.15 (+2.27%)
GENERAL ELECTRIC / GE FAQ
Can you provide the ChartMill technical rating for GENERAL ELECTRIC?
ChartMill assigns a technical rating of 10 / 10 to GE.
Can you provide the trend direction for GENERAL ELECTRIC?
The current trend direction for GENERAL ELECTRIC (GE) is Bullish.
What is the RSI signal for GE stock?
GENERAL ELECTRIC (GE) has an RSI value of 59.607. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GENERAL ELECTRIC?
The MACD indicator for GENERAL ELECTRIC (GE) has a value of 0.899055, indicating a bearish trend.
What is the short term momentum for GENERAL ELECTRIC (GE) stock?
The short term momentum for GENERAL ELECTRIC (GE) is positive.