GENERAL ELECTRIC (GE) Stock Technical Analysis
NYSE:GE - New York Stock Exchange, Inc. - US3696041033 - Common Stock - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GE did better than 89% of all other stocks. We also observe that the gains produced by GE over the past year are nicely spread over this period.
GE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GE is lagging the market slightly.
GE has an average volume of 6681450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GE is part of the Aerospace & Defense industry. There are 64 other stocks in this industry, GE did better than 60% of them.
In the last month GE has a been trading in the 228.01 - 257.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
164.35
238.91
4 important support areas can be observed.
- A support zone ranging from 236.53 to 236.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @178.69 from a trend line in the weekly time frame.
- A support zone ranging from 169.67 to 171.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 166.01 to 166.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.71 | POSITIVE | GE has a high relative strength, it outperformed 89.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GE is below 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) | 51.65 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.81 | NEGATIVE | The MACD value suggests GE has a negative trend. |
| Stochastics (14,3) | 21.61 | NEUTRAL | The Stochastics value for GE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 38.47 | POSITIVE | The high ADX value value for GE suggests a strong 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)
236.54
-0.06 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.03%
1 Week-5.91%
2 Weeks-4.42%
1 Month2.05%
3 Month15.88%
6 Month40.49%
12 Month44.02%
2 Year169.5%
3 Year495.35%
5 Year593.74%
10 Year78.33%
15 Year228.59%
Volatility
ATR(14)5.47
ATR(20)%2.32%
ATR Inc-12.82%
Range Today3.87
ADR(20)5.04
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.71
Mansfield1.94
10 Day High257.47
10 Day Low233.7
20 Day High257.47
20 Day Low228.01
52 Week High257.47
52 Week Low150.2
CS1 End236.53
CR1 StartN/A
Volume & EV
DER(3)0.87%
DER(5)1%
Volume4.51M
Volume Incr31.57%
Vol(5)7.81M
Vol(50)6.68M