General Electric Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
General Electric stock upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The General Electric stock price fell by -3.19% on the last day (Friday, 19th Apr 2024) from $152.94 to $148.06. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.60% from a day low at $146.78 to a day high of $153.53. The price has fallen in 6 of the last 10 days and is down by -5.27% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately $1.25 billion.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $143.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.24% during the next 3 months and, with a 90% probability hold a price between $172.08 and $226.41 at the end of this 3-month period.
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GE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 8.49%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The General Electric stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $154.21 and $162.61. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for General Electric stock
General Electric finds support from accumulated volume at $145.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $6.75 between high and low, or 4.60%. For the last week, the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: $141.91 (-4.15%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (GE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect General Electric Company to open at $149.46, and during the day (based on 14 day Average True Range), to move between $141.87 and $154.25, which gives a possible trading interval of +/-$6.19 (+/-4.18%) up or down from last closing price. If General Electric Company takes out the full calculated possible swing range there will be an estimated 8.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $145.62 (1.65%) than the resistance at $156.30 (5.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
General Electric will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.690. We will update the financials statements for General Electric, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.52% in the first trading day after earnings release.
Is General Electric Company stock A Buy?
General Electric holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.461 Hold/Accumulate Upgraded
Predicted Opening Price for General Electric Company of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $149.46 ( 0.94%) | $148.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 156.20 | 5.50 % | |
| R2 | 153.62 | 3.76 % | ||
| R1 | 152.03 | 2.68 % | ||
| Current price: | 148.06 | |||
| Support | S1 | 146.88 | -0.798 % | |
| S2 | 145.29 | -1.87 % | ||
| S3 | 142.71 | -3.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 167.96 | 13.44 % | |
| R2 | 166.50 | 12.45 % | ||
| R1 | 156.30 | 5.57 % | ||
| Current price | 148.06 | |||
| Support | S1 | 145.62 | -1.65% | |
| S2 | 136.47 | -7.83% | ||
| S3 | 129.93 | -12.25% |
GE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 25, 2024 | $0.280 | 0.189% |
| 2 | Dec 15, 2023 | Dec 27, 2023 | Jan 25, 2024 | $0.0800 | 0.0772% |
| 3 | Sep 08, 2023 | Sep 25, 2023 | Oct 25, 2023 | $0.0800 | 0.0902% |
| 4 | Jun 30, 2023 | Jul 10, 2023 | Jul 25, 2023 | $0.0800 | 0.0856% |
| 5 | Feb 10, 2023 | Mar 06, 2023 | Apr 25, 2023 | $0.0800 | 0.102% |
FAQ
Click here for our free guide on how to buy General Electric Stock.
