GENERAL ELECTRIC (GE) Stock Technical Analysis
USA - NYSE:GE - US3696041033 - Common Stock
290.62 USD
-10.2 (-3.39%)
290.835 USD
+0.21 (+0.07%)
We assign a technical rating of 8 out of 10 to GE. In the last year, GE was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month GE has a been trading in the 290.48 - 316.67 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 92% of all stocks. We also observe that the gains produced by GE over the past year are nicely spread over this period.
GE is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 84% of 71 stocks in the same industry.
GE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GE is performing more or less in line with the market.
GE has an average volume of 3855370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although GE has an excellent technical rating, it does not present a decent entry opportunity 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
317.43
When analyzing the support we can see 2 important areas.
- A support zone ranging from 290.61 to 290.61. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 301.28 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 | NEUTRAL | NEUTRAL | The short term trend for GE is neutral. |
| ChartMill Relative Strength | 92.15 | POSITIVE | GE has a high relative strength, it outperformed 92.15% 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) | 37.69 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.21 | NEGATIVE | The MACD value suggests GE has a negative trend. |
| Stochastics (14,3) | 14.89 | OVERSOLD | The low Stochastics value suggests GE may be oversold. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.09 | NEGATIVE | The low ADX value for GE suggests a weak or negative 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)
290.62
-10.2 (-3.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-3.39%
1 Week-4.45%
2 Weeks-4.8%
1 Month-5.15%
3 Month9.04%
6 Month24.84%
12 Month60.43%
2 Year198.63%
3 Year441.73%
5 Year471.86%
10 Year94.44%
15 Year267.75%
Volatility
ATR(14)8.41
ATR(20)%2.78%
ATR Inc46.17%
Range Today16.6
ADR(20)7.95
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.15
3 months CRS85.98
6 months CRS84.25
Mansfield1.66
10 Day High313.76
10 Day Low290.48
20 Day High316.67
20 Day Low290.48
52 Week High316.67
52 Week Low159.36
CS1 End290.61
CR1 Start301.28
Volume & EV
DER(3)-1.06%
DER(5)0.93%
Volume3.73M
Volume Incr-17.87%
Vol(5)3.32M
Vol(50)3.86M
GENERAL ELECTRIC / GE FAQ
Can you provide the ChartMill technical rating for GENERAL ELECTRIC?
ChartMill assigns a technical rating of 8 / 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 37.687. 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 neutral.