General Electric

post-image

Technical Analysis – General Electric stock shows recovery after a gap down

Posted on April 9, 2019 at 11:59 am GMT

General Electric stock opened with a gap down and within the oversold zone on Monday according to the RSI in the four-hour chart but the 200-period simple moving average (SMA) capped bearish action immediately. While the rebound in the RSI subdues chances for another negative turn, it is worth noting that the low on March 6 (9.02)has violated the previous trough of 9.51 and therefore the December uptrend. In coming sessions traders would be interested to see whether the breach [..]

post-image

Technical Analysis – General Electric stock strongly bearish but stands above 50-day SMA

Posted on January 31, 2019 at 12:47 pm GMT

General Electric stock price is trying to complete the eighth consecutive green week after the bounce off the 6.70 support level. The aggressive bearish rally started after the pullback on the 33.00 resistance level, driving the price towards the 6.70 low in the previous month. Moreover, the price is holding within the narrow Bollinger band in the daily timeframe as it failed to move higher after it almost touched the upper boundary. Looking at momentum oscillators on the daily chart, they suggest [..]

post-image

Technical Analysis – General Electric stock at the lowest in more than two decades

Posted on December 13, 2018 at 3:52 pm GMT

General Electric stock price has been extremely bearish over the past two years, quickly and fully erasing its previous five year-long uptrend to trade at levels not seen in more than two decades. The market action has been stuck below all moving averages which show no sign of reversing. Yet, with the red Tenkan-sen line and the blue Kijun-sen lines pausing negative momentum, and the RSI leaving the oversold territory, chances for a rebound are increasing. In case of a recovery, the price could run until [..]

post-image

Technical Analysis – General Electric stock strongly bearish; looking oversold

Posted on April 19, 2018 at 1:20 pm GMT

General Electric stock price is trying to snap the 13 losing sessions in a row it recorded in the monthly chart, while the price is currently trading slightly to the upside. The aggressive bearish rally started after the pullback on the 30.50 resistance level, driving the price towards the 12.70 low in the previous month. Moreover, the price is holding within the narrow Bollinger band in the daily timeframe, while it touched the upper boundary in the last few hours, failing to move higher. [..]

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.