GE HEALTHCARE TECHNOLOGY (GEHC) Stock Technical Analysis
NASDAQ:GEHC - Nasdaq - US36266G1076 - Common Stock - Currency: USD
Overall GEHC gets a technical rating of 1 out of 10. GEHC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
80% of all other stocks performed better in the past year than GEHC.
In the last month GEHC has a been trading in the 69.09 - 78.77 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.
GEHC has an average volume of 3837390 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.
GEHC is an average performer in the Health Care Equipment & Supplies industry, it outperforms 51% of 187 stocks in the same industry.
GEHC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GEHC is lagging the market.
The technical rating of GEHC 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
69.15
94.81
When analyzing the support we notice one important area.
- Support @69.85 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 73.26 to 74.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 76.90 to 77.74. 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 | DOWN | NEGATIVE | The short term trend for GEHC is down. |
| ChartMill Relative Strength | 20.14 | NEGATIVE | GEHC has a low relative strength, it was outperformed by 79.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GEHC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GEHC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GEHC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.1 | NEUTRAL | The RSI value for GEHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.84 | NEGATIVE | The MACD value suggests GEHC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.64 | OVERSOLD | The low Stochastics value suggests GEHC may be oversold. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for GEHC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.16 | POSITIVE | The high ADX value value for GEHC 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)
70.74
+0.1 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.14%
1 Week-8.98%
2 Weeks-7.52%
1 Month-5.93%
3 Month1.25%
6 Month-19.28%
12 Month-15.18%
2 Year0.41%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.08
ATR(20)%2.73%
ATR Inc-50.18%
Range Today1.03
ADR(20)1.66
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.14
Mansfield-1.79
10 Day High78.77
10 Day Low69.09
20 Day High78.77
20 Day Low69.09
52 Week High94.8
52 Week Low57.65
CS1 End69.85
CR1 Start73.26
Volume & EV
DER(3)-1.6%
DER(5)-2.24%
Volume3.73M
Volume Incr86.54%
Vol(5)6.29M
Vol(50)3.84M