GENERAL ELECTRIC (GE) Technical Analysis
NYSE:GE • US3696041033
Current stock price
GE Technical Rating and Analysis
Overall GE gets a technical rating of 2 out of 10. 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.
- In the last month GE has a been trading in the 268.91 - 319.14 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- When comparing the yearly performance of all stocks, we notice that GE is one of the better performing stocks in the market, outperforming 75% of all stocks.
- GE has an average volume of 5900230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- GE is part of the Aerospace & Defense industry. There are 80 other stocks in this industry, GE did better than 63% of them.
- GE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GE is lagging the market.
GE Weekly and Daily overview Charts
GE Setup Rating and Analysis
The technical rating of GE is bad and it also does not present a 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
GE Support and Resistance Analysis
179.31
3 important support areas can be observed.
- A support zone ranging from 281.15 to 283.94. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 269.38 to 274.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @181.12 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 295.01 to 301.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 308.36 to 310.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @318.01 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 | NEUTRAL | NEUTRAL | The long term trend for GE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GE is down. |
| ChartMill Relative Strength | 75.62 | POSITIVE | GE has a high relative strength, it outperformed 75.62% 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) | 42.53 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.72 | NEGATIVE | The MACD value suggests GE has a negative trend. |
| Stochastics (14,3) | 24.22 | NEUTRAL | The Stochastics value for GE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 26.33 | 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
284.6
+2.26 (+0.8%)
GENERAL ELECTRIC / GE TA FAQ
Can you provide the ChartMill technical rating for GENERAL ELECTRIC?
ChartMill assigns a technical rating of 2 / 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 42.5309. 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 -1.71856, indicating a bearish trend.
What are the support and resistance levels for GENERAL ELECTRIC (GE) stock?
GENERAL ELECTRIC (GE) has a support level at 283.94 and a resistance level at 295.01. Check the full technical report for our detailed analysis of GE support and resistance levels.