GE VERNOVA INC (GEV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GEV - US36828A1016 - Common Stock
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.
Besides having an excellent technical rating, GEV also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 667.75, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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384.51
When analyzing the support we can see 4 important areas.
- A support zone ranging from 649.75 to 667.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 612.70 to 616.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @548.99 from a horizontal line in the daily time frame.
- Support @388.39 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 | 92.83 | POSITIVE | GEV has a high relative strength, it outperformed 92.83% 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) | 60.3 | NEUTRAL | The RSI value for GEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GEV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.68 | NEUTRAL | The Stochastics value for GEV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for GEV suggests some volalility. |
| Average Directional Index/ADX (14) | 12.3 | NEGATIVE | The low ADX value for GEV suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 698.75 | 651.68 | 47.07 (6.74%) | 14.84% |
| An entry @698.75. This is a Buy Stop order right above the 10 day high. | An exit @651.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 47.07 points, which is 6.74%. | When investing 14.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
686.33
+5.47 (+0.8%)
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 60.2965. This indicates that the stock is currently neutral.
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 667.75. Check the full technical report for our detailed analysis of GEV support and resistance levels.