GE VERNOVA INC (GEV) Stock Technical Analysis
NYSE:GEV - New York Stock Exchange, Inc. - US36828A1016 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to GEV. Both in the recent history as in the last year, GEV has proven to be a steady performer, scoring decent points in every aspect analyzed.
In the last month GEV has a been trading in the 585.00 - 677.29 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.
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 GEV is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, GEV also shows a nice and consistent pattern of rising prices.
GEV is part of the Electrical Equipment industry. There are 93 other stocks in this industry. GEV outperforms 95% of them.
GEV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GEV is lagging the market slightly.
GEV has an average volume of 2910750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although GEV has an excellent technical rating, it 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
326.63
671.21
When analyzing the support we notice one important area.
- Support @329.93 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @608.76 from a trend line in the daily time frame.
- A resistance zone ranging from 656.51 to 664.56. 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 | UP | POSITIVE | The long term trend for GEV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GEV is neutral. |
| ChartMill Relative Strength | 98.12 | POSITIVE | GEV has a high relative strength, it outperformed 98.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GEV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GEV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GEV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.54 | NEUTRAL | The RSI value for GEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -10.01 | NEGATIVE | The MACD value suggests GEV has a negative trend. |
| Stochastics (14,3) | 18.21 | OVERSOLD | The low Stochastics value suggests GEV may be oversold. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for GEV suggests some volalility. |
| Average Directional Index/ADX (14) | 28.93 | POSITIVE | The high ADX value value for GEV 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)
603.13
-21.89 (-3.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-3.5%
1 Week-8.26%
2 Weeks-7.17%
1 Month9.86%
3 Month29.88%
6 Month83.95%
12 Month229.06%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)23.44
ATR(20)%4.35%
ATR Inc-7.23%
Range Today25.79
ADR(20)23.86
ADR(20)%3.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.12
Mansfield4.53
10 Day High669.38
10 Day Low595.19
20 Day High677.29
20 Day Low585
52 Week High677.29
52 Week Low179.19
CS1 End329.93
CR1 Start608.76
Volume & EV
DER(3)1.61%
DER(5)-0.2%
Volume3.10M
Volume Incr-0.44%
Vol(5)2.78M
Vol(50)2.91M