GENERAL ELECTRIC (GE) Technical Analysis
NYSE:GE • US3696041033
Current stock price
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month GE has a been trading in the 270.79 - 331.88 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that GE is one of the better performing stocks in the market, outperforming 81% of all stocks. We also observe that the gains produced by GE over the past year are nicely spread over this period.
- GE has an average volume of 5885060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GE is an average performer in the Aerospace & Defense industry, it outperforms 51% of 79 stocks in the same industry.
- GE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GE is lagging the market slightly.
GE Weekly and Daily overview Charts
GE Setup Rating and Analysis
GE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
GE Support and Resistance Analysis
178.54
3 important support areas can be observed.
- Support @281.15 from a horizontal line in the weekly time frame.
- A support zone ranging from 269.38 to 273.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @180.34 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @292.69 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for GE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GE is down. |
| ChartMill Relative Strength | 81.44 | POSITIVE | GE has a high relative strength, it outperformed 81.44% 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 | MIXED | The current price of GE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.49 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.08 | NEGATIVE | The MACD value suggests GE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.7 | NEUTRAL | The Stochastics value for GE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 34.44 | POSITIVE | The high ADX value value for GE suggests a strong trend. |
GE Chart- and CandleStick Pattern Analysis
GE Technicals: Chart, Performance Metrics, Trend & Indicators
281.16
-11.52 (-3.94%)
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 GENERAL ELECTRIC (GE) stock?
GENERAL ELECTRIC (GE) has an RSI value of 38.4945. This indicates that the stock is currently neutral.
What is the MACD signal for GENERAL ELECTRIC (GE) stock?
The MACD indicator for GENERAL ELECTRIC (GE) has a value of -1.07819, indicating a bearish trend.
What are the support and resistance levels for GENERAL ELECTRIC (GE) stock?
GENERAL ELECTRIC (GE) has a support level at 281.15 and a resistance level at 292.69. Check the full technical report for our detailed analysis of GE support and resistance levels.