GE HEALTHCARE TECHNOLOGY (GEHC) Stock Technical Analysis
USA - NASDAQ:GEHC - US36266G1076 - Common Stock
We assign a technical rating of 5 out of 10 to GEHC. GEHC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
GEHC has an average technical rating and the quality of the presented setup is also not ideal 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.
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68.47
We found 4 important support areas.
- A support zone ranging from 77.63 to 77.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 74.59 to 74.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 71.01 to 71.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 69.16 to 69.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 78.15 to 78.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @91.99 from a horizontal line in the weekly time frame.
- Resistance @93.87 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for GEHC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GEHC is up. |
| ChartMill Relative Strength | 23.81 | NEGATIVE | GEHC has a low relative strength, it was outperformed by 76.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GEHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GEHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GEHC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.01 | NEUTRAL | The RSI value for GEHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests GEHC has a positive trend. |
| Stochastics (14,3) | 90.99 | OVERBOUGHT | The high Stochastics value suggests GEHC may be overbought. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for GEHC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.21 | NEGATIVE | The low ADX value for GEHC suggests a weak or negative trend. |
78.14
+0.88 (+1.14%)
GE HEALTHCARE TECHNOLOGY / GEHC FAQ
What is the technical rating for GEHC stock?
ChartMill assigns a technical rating of 5 / 10 to GEHC.
What is the current trend direction of GE HEALTHCARE TECHNOLOGY (GEHC) stock?
The current trend direction for GE HEALTHCARE TECHNOLOGY (GEHC) is Bearish.
What is the RSI signal for GE HEALTHCARE TECHNOLOGY (GEHC) stock?
GE HEALTHCARE TECHNOLOGY (GEHC) has an RSI value of 63.007. This indicates that the stock is currently neutral.
What is the short term momentum for GEHC stock?
The short term momentum for GE HEALTHCARE TECHNOLOGY (GEHC) is positive.
What is the support and resistance level for GEHC stock?
GE HEALTHCARE TECHNOLOGY (GEHC) has a support level at 77.74 and a resistance level at 78.15. Check the full technical report for our detailed analysis of GEHC support and resistance levels.