GENERAL ELECTRIC (GE) Stock Technical Analysis
USA - NYSE:GE - US3696041033 - Common Stock
294.98 USD
-2.2 (-0.74%)
295.01 USD
+0.03 (+0.01%)
Taking everything into account, GE scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, GE did better than 88% 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 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 268.01 - 307.25 range, which is quite wide. It is currently trading near the high of this range.
GE has an average volume of 4453370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GE has an excellent technical rating, but the quality of the setup is only medium 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
308.70
When analyzing the support we can see 6 important areas.
- A support zone ranging from 284.88 to 287.68. 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 272.94 to 277.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @259.00 from a horizontal line in the daily time frame.
- Support @173.32 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 296.66 to 305.64. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 88.81 | POSITIVE | GE has a high relative strength, it outperformed 88.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GE is above 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) | 60.33 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests GE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.52 | NEUTRAL | The Stochastics value for GE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.43 | 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)
294.98
-2.2 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.74%
1 Week-2.05%
2 Weeks4.72%
1 Month6.88%
3 Month15.9%
6 Month47.58%
12 Month59.12%
2 Year233.95%
3 Year663.54%
5 Year848.46%
10 Year134.29%
15 Year263.62%
Volatility
ATR(14)6.4
ATR(20)%2.24%
ATR Inc8.26%
Range Today9.25
ADR(20)6.41
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.81
Mansfield2.34
10 Day High307.25
10 Day Low281.62
20 Day High307.25
20 Day Low268.01
52 Week High307.25
52 Week Low159.36
CS1 End287.68
CR1 Start296.66
Volume & EV
DER(3)-0.08%
DER(5)0.38%
Volume3.82M
Volume Incr-1.69%
Vol(5)4.36M
Vol(50)4.45M