GENERAL ELECTRIC (GE) Stock Technical Analysis
USA - NYSE:GE - US3696041033 - Common Stock
300.14 USD
+0.3 (+0.1%)
300.98 USD
+0.84 (+0.28%)
We assign a technical rating of 10 out of 10 to GE. Both in the recent history as in the last year, GE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that GE is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by GE over the past year are nicely spread over this period.
GE is part of the Aerospace & Defense industry. There are 69 other stocks in this industry. GE outperforms 70% of them.
GE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month GE has a been trading in the 289.66 - 307.25 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GE has an average volume of 3990430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, GE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 301.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 299.11, a Stop Loss order could be placed below this zone.
More info and screens
164.35
308.70
4 important support areas can be observed.
- A support zone ranging from 293.63 to 299.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 265.92 to 266.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @174.10 from a trend line in the weekly time frame.
- Support @166.01 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 301.15 to 305.64. 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 | 89.12 | POSITIVE | GE has a high relative strength, it outperformed 89.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GE is above 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) | 57.66 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.85 | NEGATIVE | The MACD value suggests GE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.42 | NEUTRAL | The Stochastics value for GE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.54 | NEUTRAL | The ADX value for GE suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 305.65 | 293.62 | 12.03 (3.94%) | 25.00% |
| An entry @305.65. This is a Buy Stop order right above the resistance zone. | An exit @293.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 12.03 points, which is 3.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- 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.
300.14
+0.3 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.1%
1 Week2.97%
2 Weeks1.06%
1 Month-0.33%
3 Month14%
6 Month65.1%
12 Month55.83%
2 Year245.8%
3 Year518.15%
5 Year710.27%
10 Year107.89%
15 Year275.3%
Volatility
ATR(14)6.88
ATR(20)%2.29%
ATR Inc-25.79%
Range Today5.62
ADR(20)6.76
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.12
Mansfield2.28
10 Day High304.95
10 Day Low291.49
20 Day High307.25
20 Day Low289.66
52 Week High307.25
52 Week Low159.36
CS1 End299.11
CR1 Start301.15
Volume & EV
DER(3)-0.92%
DER(5)-0.58%
Volume3.95M
Volume Incr-28.95%
Vol(5)2.89M
Vol(50)3.99M