GE Aerospace (GNE.PA) Stock Technical Analysis
Europe - EPA:GNE - US3696043013 - Common Stock
158 EUR
-1 (-0.63%)
We assign a technical rating of 9 out of 10 to GNE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GNE is showing a nice and steady performance.
Warning: GNE has an average volume of 623 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that GNE is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, GNE also shows a nice and consistent pattern of rising prices.
GNE is part of the Aerospace & Defense industry. There are 46 other stocks in this industry. GNE outperforms 82% of them.
GNE 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 GNE is lagging the market slightly.
In the last month GNE has a been trading in the 130.00 - 162.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GNE 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
130.57
159.58
When analyzing the support we can see 3 important areas.
- A support zone ranging from 148.65 to 149.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 141.50 to 144.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @131.89 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 GNE.PA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GNE.PA is neutral. |
| ChartMill Relative Strength | 97.11 | POSITIVE | GNE.PA has a high relative strength, it outperformed 97.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GNE.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GNE.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GNE.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.88 | NEUTRAL | The RSI value for GNE.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.02 | POSITIVE | The MACD value suggests GNE.PA has a positive trend. |
| Stochastics (14,3) | 83.29 | OVERBOUGHT | The high Stochastics value suggests GNE.PA may be overbought. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for GNE.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.71 | NEUTRAL | The ADX value for GNE.PA suggests a possible start of a new 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)
EPA:GNE (7/24/2024, 7:00:00 PM)
158
-1 (-0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.63%
1 Week7.85%
2 Weeks3.61%
1 Month6.4%
3 Month3.95%
6 Month32.22%
12 Month50.48%
2 Year124.43%
3 Year79.55%
5 Year118.23%
10 Year4.22%
15 Year113.51%
Volatility
ATR(14)6.18
ATR(20)%3.58%
ATR Inc79.38%
Range Today4.5
ADR(20)5.38
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.11
Mansfield0.96
10 Day High162
10 Day Low130
20 Day High162
20 Day Low130
52 Week High166
52 Week Low99
CS1 End149.48
CR1 StartN/A
Volume & EV
DER(3)-10.17%
DER(5)-8.39%
Volume360
Volume Incr41.69%
Vol(5)1.17K
Vol(50)623.82