GE VERNOVA INC (GEV) Stock Technical Analysis
USA - NYSE:GEV - US36828A1016 - Common Stock
614.9 USD
+12.47 (+2.07%)
613.99 USD
-0.91 (-0.15%)
We assign a technical rating of 8 out of 10 to GEV. 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about 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 94% of all stocks.
GEV is one of the better performing stocks in the Electrical Equipment industry, it outperforms 82% of 92 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 565.43 - 653.50 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 2793430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, GEV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
344.00
671.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 591.55 to 594.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 577.03 to 582.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @347.47 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 615.03 to 623.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @633.69 from a horizontal 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 | 94.73 | POSITIVE | GEV has a high relative strength, it outperformed 94.73% 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 | MIXED | The current price of GEV is below 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) | 49.78 | NEUTRAL | The RSI value for GEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.94 | NEGATIVE | The MACD value suggests GEV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.49 | NEUTRAL | The Stochastics value for GEV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for GEV suggests some volalility. |
| Average Directional Index/ADX (14) | 12.94 | NEGATIVE | The low ADX value for GEV 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)
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 |
|---|---|---|---|
| 623.69 | 593.37 | 30.32 (4.86%) | 20.57% |
| An entry @623.69. This is a Buy Stop order right above the resistance zone. | An exit @593.37. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 30.32 points, which is 4.86%. | When investing 20.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GEV. Please evaluate whether better entry and exit points can be found.
- 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.
614.9
+12.47 (+2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg2.07%
1 Week-2.92%
2 Weeks-0.49%
1 Month6.08%
3 Month18.93%
6 Month126.5%
12 Month131.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)22.42
ATR(20)%3.85%
ATR Inc-31.68%
Range Today11.64
ADR(20)21.96
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.73
Mansfield3.02
10 Day High648.5
10 Day Low593.38
20 Day High653.5
20 Day Low565.43
52 Week High677.29
52 Week Low252.25
CS1 End594.8
CR1 Start615.03
Volume & EV
DER(3)1.49%
DER(5)0.79%
Volume1.82M
Volume Incr-24.98%
Vol(5)2.13M
Vol(50)2.79M