GE VERNOVA INC (GEV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GEV - US36828A1016 - Common Stock
We assign a technical rating of 7 out of 10 to GEV. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- 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.
- GEV is one of the better performing stocks in the Electrical Equipment industry, it outperforms 74% of 91 stocks in the same industry.
- 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.
- In the last month GEV has a been trading in the 617.11 - 701.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- GEV has an average volume of 3236910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, GEV did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, GEV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 680.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 637.66, 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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When analyzing the support we can see 4 important areas.
- A support zone ranging from 614.19 to 637.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @591.72 from a trend line in the daily time frame.
- Support @548.99 from a horizontal line in the daily time frame.
- Support @394.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 680.46 to 686.33. 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 | 89.39 | POSITIVE | GEV has a high relative strength, it outperformed 89.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GEV is below a declining 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) | 51.23 | NEUTRAL | The RSI value for GEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.89 | NEGATIVE | The MACD value suggests GEV has a negative trend. |
| Stochastics (14,3) | 54.04 | NEUTRAL | The Stochastics value for GEV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for GEV suggests some volalility. |
| Average Directional Index/ADX (14) | 12.43 | 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 |
|---|---|---|---|
| 686.34 | 617.10 | 69.24 (10.09%) | 9.91% |
| An entry @686.34. This is a Buy Stop order right above the resistance zone. | An exit @617.10. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 69.24 points, which is 10.09%. | When investing 9.91% 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.
657.78
-3.89 (-0.59%)
GE VERNOVA INC / GEV FAQ
What is the technical rating for GEV stock?
ChartMill assigns a technical rating of 7 / 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 51.229. 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 neutral.
What are the support and resistance levels for GE VERNOVA INC (GEV) stock?
GE VERNOVA INC (GEV) has a support level at 637.66 and a resistance level at 680.46. Check the full technical report for our detailed analysis of GEV support and resistance levels.