GENERAL ELECTRIC (GE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GE - US3696041033 - Common Stock
Overall GE gets a technical rating of 7 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.
Although GE has an excellent technical rating, it does not offer a high quality setup 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
173.65
We found 2 important support areas.
- A support zone ranging from 287.43 to 287.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 301.39 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 | DOWN | NEGATIVE | The short term trend for GE is down. |
| ChartMill Relative Strength | 91.59 | POSITIVE | GE has a high relative strength, it outperformed 91.59% 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) | 35.36 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.64 | NEGATIVE | The MACD value suggests GE has a negative trend. |
| Stochastics (14,3) | 15.15 | OVERSOLD | The low Stochastics value suggests GE may be oversold. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.28 | NEGATIVE | The low ADX value for GE suggests a weak or negative trend. |
287.44
-3.18 (-1.09%)
GENERAL ELECTRIC / GE FAQ
Can you provide the ChartMill technical rating for GENERAL ELECTRIC?
ChartMill assigns a technical rating of 7 / 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 35.3611. 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 negative.
Can you provide the buy/sell signal for GENERAL ELECTRIC?
The buy/sell signal for GENERAL ELECTRIC (GE) is hold as the short term and long term trends are mixed.