GENERAL ELECTRIC (GE) Technical Analysis
NYSE:GE • US3696041033
Current stock price
299.69 USD
-7.01 (-2.29%)
At close:
299.6 USD
-0.09 (-0.03%)
After Hours:
GE Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to GE. Although GE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month GE has a been trading in the 299.05 - 348.48 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- 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. On top of that, GE also shows a nice and consistent pattern of rising prices.
- GE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GE is performing more or less in line with the market.
- GE has an average volume of 5576000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- GE is part of the Aerospace & Defense industry. There are 78 other stocks in this industry, GE did better than 50% of them.
GE Weekly and Daily overview Charts
GE Setup Rating and Analysis
GE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
GE Support and Resistance Analysis
177.76
333.83
4 important support areas can be observed.
- Support @299.25 from a trend line in the daily time frame.
- 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 @179.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 324.98 to 330.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
GE 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 | NEUTRAL | NEUTRAL | The long term trend for GE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GE is down. |
| ChartMill Relative Strength | 86.24 | POSITIVE | GE has a high relative strength, it outperformed 86.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GE is below a declining 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) | 34.46 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.63 | NEGATIVE | The MACD value suggests GE has a negative trend. |
| Stochastics (14,3) | 17.41 | OVERSOLD | The low Stochastics value suggests GE may be oversold. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.94 | NEUTRAL | The ADX value for GE suggests a possible start of a new trend. |
GE Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
GE Technicals: Chart, Performance Metrics, Trend & Indicators
299.69
-7.01 (-2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-2.29%
1 Week-7.25%
2 Weeks-12.44%
1 Month-4.22%
3 Month-0.04%
6 Month6.39%
12 Month52.04%
2 Year113.69%
3 Year292.34%
5 Year357.21%
10 Year88.84%
15 Year199.41%
Volatility
ATR(14)12.22
ATR(20)%3.87%
ATR Inc58.32%
Range Today10.46
ADR(20)10.73
ADR(20)%3.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.24
3 months CRS62.72
6 months CRS75.47
Mansfield0.63
10 Day High347.2
10 Day Low299.05
20 Day High348.48
20 Day Low299.05
52 Week High348.48
52 Week Low159.36
CS1 End299.25
CR1 Start324.98
Volume & EV
DER(3)-0.53%
DER(5)0.2%
Volume5.77M
Volume Incr5.46%
Vol(5)5.36M
Vol(50)5.58M
GENERAL ELECTRIC / GE TA FAQ
Can you provide the ChartMill technical rating for GENERAL ELECTRIC?
ChartMill assigns a technical rating of 4 / 10 to GE.
Can you provide the trend direction for GENERAL ELECTRIC?
The current trend direction for GENERAL ELECTRIC (GE) is Bearish.
What is the RSI signal for GE stock?
GENERAL ELECTRIC (GE) has an RSI value of 34.4562. 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 -4.62535, indicating a bearish trend.
What is the short term momentum for GENERAL ELECTRIC (GE) stock?
The short term momentum for GENERAL ELECTRIC (GE) is negative.