GENERAL ELECTRIC (GE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:GE • US3696041033
Taking everything into account, GE scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month GE has a been trading in the 290.07 - 332.79 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt 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 85% of all 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 5292830 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 54% of 73 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although GE has an excellent technical rating, the quality of the presented setup is not ideal 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
176.22
When analyzing the support we can see 4 important areas.
- A support zone ranging from 303.55 to 305.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 291.49 to 295.39. This zone is formed by a combination of multiple trend lines 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 @178.00 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 325.13 to 327.55. 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 | NEUTRAL | NEUTRAL | The short term trend for GE is neutral. |
| ChartMill Relative Strength | 85.55 | POSITIVE | GE has a high relative strength, it outperformed 85.55% 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 | 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) | 49.6 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.35 | NEGATIVE | The MACD value suggests GE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.37 | NEUTRAL | The Stochastics value for GE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.65 | NEUTRAL | The ADX value for GE suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 325.56 | 303.54 | 22.02 (6.76%) | 14.78% |
| An entry @325.56. This is a Buy Stop order right above the 10 day high. | An exit @303.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 22.02 points, which is 6.76%. | For a 1.00% total portfolio risk, you can invest 14.78% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
306.79
+7.93 (+2.65%)
GENERAL ELECTRIC / GE FAQ
Can you provide the ChartMill technical rating for GENERAL ELECTRIC?
ChartMill assigns a technical rating of 8 / 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 49.5994. 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 -2.35027, indicating a bearish trend.
What is the short term momentum for GENERAL ELECTRIC (GE) stock?
The short term momentum for GENERAL ELECTRIC (GE) is neutral.