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AI Analysis of GE
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Stronger technical forecast for General Electric stock price after Friday trading.
(Updated on Apr 19, 2024)

Hold candidate since Apr 19, 2024 PDF

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


# Declaration Date 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

What is the symbol for General Electric Stock and on which exchange is it traded?
The symbol for General Electric is GE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell General Electric Stock?
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.

How to buy General Electric Stock?
General Electric Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy General Electric Stock.

What's the current price of General Electric Stock?
As of the end of day on the 2024-04-19, the price of an General Electric (GE) share was $148.06.

What is the 52-week high and low for General Electric Stock?
The 52-week high for General Electric Stock is $180.36 and the 52-week low is $96.09.

What is the market capitalization of General Electric Stock?
As of the 2024-04-19, the market capitalization of General Electric is 161.87B.

When is the next earnings date for General Electric?
The upcoming earnings date for General Electric is Apr 23, 2024.
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About General Electric Company

General Electric General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The Renewable... GE Profile

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