GE HEALTHCARE TECHNOLOGY (GEHC) Stock Technical Analysis
NASDAQ:GEHC - Nasdaq - US36266G1076 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to GEHC. GEHC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month GEHC has a been trading in the 69.31 - 76.83 range, which is quite wide. It is currently trading near the high of this range.
GEHC has an average volume of 4527720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, GEHC outperforms 57% of them, which is more or less in line with the market.
GEHC is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, GEHC did better than 69% of them.
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.
GEHC has an average technical rating and it also does not offer a high 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
68.47
94.81
2 important support areas can be observed.
- A support zone ranging from 72.40 to 73.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 69.16 to 69.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 75.96 to 75.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 91.62 to 91.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 93.85 to 93.87. This zone is formed by a combination of multiple trend lines 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 | 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 | 57.64 | NEUTRAL | GEHC is not amongst the best or worst performers 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 | NEGATIVE | The current price of GEHC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.56 | NEUTRAL | The RSI value for GEHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests GEHC has a positive trend. |
| Stochastics (14,3) | 81.28 | OVERBOUGHT | The high Stochastics value suggests GEHC may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for GEHC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.93 | NEGATIVE | The low ADX value for GEHC 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)
75.95
+1.88 (+2.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.54%
1 Week5.52%
2 Weeks4.24%
1 Month8.27%
3 Month25.52%
6 Month-5.68%
12 Month-1.44%
2 Year-2.63%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.64
ATR(20)%2.12%
ATR Inc29.99%
Range Today3.21
ADR(20)1.56
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.64
Mansfield-1.24
10 Day High76.83
10 Day Low69.49
20 Day High76.83
20 Day Low69.31
52 Week High94.8
52 Week Low57.65
CS1 End72.63
CR1 Start74.39
Volume & EV
DER(3)0.85%
DER(5)1.55%
Volume3.30M
Volume Incr36.29%
Vol(5)4.77M
Vol(50)4.53M