General Electric Company Stock Forecast
High volatility in General Electric Company stock price on Wednesday which ended trading at 105.00€
(Updated on Jun 26, 2024)
No changes to the price of General Electric Company stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 52.26% from a day low at 105.00€ to a day high of 159.87€. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -26.63% during the next 3 months and, with a 90% probability hold a price between 67.63€ and 103.75€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GEC.L Signals & Forecast
There are mixed signals in the stock today. The General Electric Company 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 105.00€ and 136.96€. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for General Electric Company stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 54.87€ between high and low, or 52.26%. For the last week the stock has had daily average volatility of 44.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GEC.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect General Electric Company to open at 123.29€, and during the day (based on 14 day Average True Range), to move between 68.42€ and 141.58€, which gives a possible trading interval of +/-36.58€ (+/-34.84%) up or down from last closing price. If General Electric Company takes out the full calculated possible swing range there will be an estimated 69.68% move between the lowest and the highest trading price during the day.
Is General Electric Company stock A Buy?
General Electric Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.779 Sell Candidate Unchanged
Predicted Opening Price for General Electric Company of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 123.29€ ( 17.42%) | 105.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEC.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 178.16 | 69.68% |
| R2 | 157.20 | 49.71% |
| R1 | 144.25 | 37.38% |
| Price | 105.00 | |
| S1 | 102.33 | -2.54% |
| S2 | 89.38 | -14.88% |
| S3 | 68.42 | -34.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 105.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
GEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2024 | Jul 11, 2024 | Jul 25, 2024 | 0.280€ | 0.267% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | Apr 25, 2024 | 0.280€ | 0.174% |
| 3 | Dec 27, 2023 | Dec 27, 2023 | Jan 25, 2024 | 0.0800€ | 0.0761% |
| 4 | Sep 25, 2023 | Sep 25, 2023 | Sep 25, 2023 | 0.0800€ | 0.0889% |
| 5 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | 0.0800€ | 0.0902% |
FAQ
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