GENERAL ELECTRIC (GE) Stock Technical Analysis
USA - NYSE:GE - US3696041033 - Common Stock
300.13 USD
-4.69 (-1.54%)
300 USD
-0.13 (-0.04%)
Overall GE gets a technical rating of 9 out of 10. In the last year, GE was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that GE is one of the better performing stocks in the market, outperforming 92% 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 Aerospace & Defense industry, it outperforms 82% of 71 stocks in the same industry.
GE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GE is leading the market.
GE has an average volume of 3846500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GE has a been trading in the 294.80 - 316.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
173.65
317.43
We found 4 important support areas.
- Support @300.12 from a horizontal line in the weekly time frame.
- A support zone ranging from 293.63 to 293.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @265.92 from a horizontal line in the daily time frame.
- Support @175.40 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 306.26 to 308.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 314.28 to 314.29. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for GE is neutral. |
| ChartMill Relative Strength | 92.41 | POSITIVE | GE has a high relative strength, it outperformed 92.41% 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) | UP | MIXED | The current price of GE is below 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) | 44.78 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.31 | NEGATIVE | The MACD value suggests GE has a negative trend. |
| Stochastics (14,3) | 32.21 | NEUTRAL | The Stochastics value for GE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for GE suggests a weak or negative trend. |
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)
300.13
-4.69 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-1.54%
1 Week-3.79%
2 Weeks-2.75%
1 Month-0.84%
3 Month12.61%
6 Month28.93%
12 Month65.68%
2 Year208.4%
3 Year459.45%
5 Year490.57%
10 Year100.8%
15 Year279.79%
Volatility
ATR(14)7.7
ATR(20)%2.81%
ATR Inc40.57%
Range Today10.27
ADR(20)8.25
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.41
3 months CRS86.66
6 months CRS84.75
Mansfield1.8
10 Day High313.76
10 Day Low296.25
20 Day High316.67
20 Day Low294.8
52 Week High316.67
52 Week Low159.36
CS1 End300.12
CR1 Start306.26
Volume & EV
DER(3)2.56%
DER(5)1.06%
Volume3.08M
Volume Incr-15.02%
Vol(5)3.32M
Vol(50)3.85M
GENERAL ELECTRIC / GE FAQ
Can you provide the ChartMill technical rating for GENERAL ELECTRIC?
ChartMill assigns a technical rating of 9 / 10 to GE.
What is the current trend direction of GENERAL ELECTRIC (GE) stock?
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 44.7766. This indicates that the stock is currently neutral.
What is the short term momentum for GENERAL ELECTRIC (GE) stock?
The short term momentum for GENERAL ELECTRIC (GE) is neutral.