GE VERNOVA INC (GEV) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:GEV • US36828A1016
Overall GEV gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GEV is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that GEV is one of the better performing stocks in the market, outperforming 94% of all stocks.
- GEV is one of the better performing stocks in the Electrical Equipment industry, it outperforms 83% of 91 stocks in the same industry.
- A new 52 week high is currently being made by GEV, which is a very good signal! Especially since the S&P500 is trading near the lows of its 52 week range, so GEV is leading the market.
- In the last month GEV has a been trading in the 617.11 - 762.36 range, which is quite wide. It is currently trading near the high of this range.
- GEV has an average volume of 3349330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GEV 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
396.08
When analyzing the support we can see 5 important areas.
- A support zone ranging from 650.20 to 674.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @614.19 from a horizontal line in the daily time frame.
- Support @596.58 from a trend line in the daily time frame.
- Support @548.99 from a horizontal line in the daily time frame.
- Support @400.08 from a trend 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 | UP | POSITIVE | The long term trend for GEV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GEV is up. |
| ChartMill Relative Strength | 94.7 | POSITIVE | GEV has a high relative strength, it outperformed 94.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GEV is above 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) | 71 | OVERBOUGHT | The high RSI value suggests GEV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 8.12 | POSITIVE | The MACD value suggests GEV has a positive trend. |
| Stochastics (14,3) | 89.93 | OVERBOUGHT | The high Stochastics value suggests GEV may be overbought. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for GEV suggests some volalility. |
| Average Directional Index/ADX (14) | 21.8 | NEUTRAL | The ADX value for GEV suggests a possible start of a new trend. |
754.97
+28.6 (+3.94%)
GE VERNOVA INC / GEV FAQ
What is the technical rating for GEV stock?
ChartMill assigns a technical rating of 10 / 10 to GEV.
What is the trend direction for GEV stock?
The current trend direction for GE VERNOVA INC (GEV) is Bullish.
What is the RSI signal for GE VERNOVA INC (GEV) stock?
GE VERNOVA INC (GEV) has an RSI value of 70.9967. This indicates that the stock is currently overbought.
What is the short term momentum for GE VERNOVA INC (GEV) stock?
The short term momentum for GE VERNOVA INC (GEV) is positive.
What are the support and resistance levels for GE VERNOVA INC (GEV) stock?
GE VERNOVA INC (GEV) has a support level at 674.07. Check the full technical report for our detailed analysis of GEV support and resistance levels.