GENERAL ELECTRIC (GE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GE - US3696041033 - Common Stock
We assign a technical rating of 9 out of 10 to GE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GE is showing a nice and steady performance.
GE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 305.63, a Stop Loss order could be placed below this zone.
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174.68
When analyzing the support we can see 3 important areas.
- Support @305.63 from a horizontal line in the daily time frame.
- A support zone ranging from 283.59 to 299.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @176.44 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @314.29 from a horizontal line in the daily 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 GE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GE is neutral. |
| ChartMill Relative Strength | 91.79 | POSITIVE | GE has a high relative strength, it outperformed 91.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.5 | NEUTRAL | The RSI value for GE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.08 | POSITIVE | The MACD value suggests GE has a positive trend. |
| Stochastics (14,3) | 72.49 | NEUTRAL | The Stochastics value for GE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for GE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.95 | NEGATIVE | The low ADX value for GE 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 |
|---|---|---|---|
| 314.30 | 305.62 | 8.68 (2.76%) | 25.00% |
| An entry @314.30. This is a Buy Stop order right above the resistance zone. | An exit @305.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.68 points, which is 2.76%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- The distance between exit and entry is rather small compared to the average daily movement of GE. 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.
307.21
+5.52 (+1.83%)
GENERAL ELECTRIC / GE FAQ
Can you provide the ChartMill technical rating for GENERAL ELECTRIC?
ChartMill assigns a technical rating of 9 / 10 to GE.
What is the current trend direction of GENERAL ELECTRIC (GE) stock?
The current trend direction for GENERAL ELECTRIC (GE) is Bullish.
What is the RSI signal for GE stock?
GENERAL ELECTRIC (GE) has an RSI value of 59.4968. This indicates that the stock is currently neutral.
What is the short term momentum for GENERAL ELECTRIC (GE) stock?
The short term momentum for GENERAL ELECTRIC (GE) is neutral.