General Electric Company Stock Forecast
General Electric Company stock price ended at 158.50€ on Thursday, after gaining 0.316%.
(Updated on May 09, 2024)
The General Electric Company stock price gained 0.316% on the last trading day (Thursday, 9th May 2024), rising from 158.00€ to 158.50€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.92% from a day low at 156.00€ to a day high of 159.00€. The price has risen in 7 of the last 10 days and is up by 6.73% over the past 2 weeks. Volume fell on the last day by -801 shares and in total, 91 shares were bought and sold for approximately 14.42€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.34% during the next 3 months and, with a 90% probability hold a price between 150.08€ and 186.55€ at the end of this 3-month period.
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GNE.PA Signals & Forecast
The General Electric Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 155.71€ and 150.63€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 19.17%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for General Electric Company stock
General Electric Company finds support from accumulated volume at 155.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 3.00€ between high and low, or 1.92%. For the last week the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: 153.55€ (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (GNE.PA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect General Electric Company to open at 157.83€, and during the day (based on 14 day Average True Range), to move between 153.80€ and 163.20€, which gives a possible trading interval of +/-4.70€ (+/-2.97%) up or down from last closing price. If General Electric Company takes out the full calculated possible swing range there will be an estimated 5.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 159.00€ (0.32%) than the support at 155.00€ (2.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is General Electric Company stock A Buy?
General Electric Company holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.578 Strong Buy Candidate Unchanged
Predicted Opening Price for General Electric Company of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 157.83€ ( 0.421%) | 158.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNE.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 160.83 | 1.47 % | |
| R2 | 159.69 | 0.749 % | ||
| R1 | 158.98 | 0.302 % | ||
| Current price: | 158.50 | |||
| Support | S1 | 156.69 | -1.14 % | |
| S2 | 155.98 | -1.59 % | ||
| S3 | 154.83 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 166.00 | 4.73 % | |
| R2 | 163.50 | 3.15 % | ||
| R1 | 159.00 | 0.315 % | ||
| Current price | 158.50 | |||
| Support | S1 | 155.00 | -2.21% | |
| S2 | 140.00 | -11.67% | ||
| S3 | 134.00 | -15.46% |
GNE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | 0€ | 0% |
| 2 | Sep 25, 2023 | Sep 25, 2023 | Sep 25, 2023 | 0.0800€ | 0.0766% |
| 3 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | 0.0800€ | 0.0805% |
| 4 | Mar 06, 2023 | Mar 06, 2023 | Mar 06, 2023 | 0.0800€ | 0.0978% |
| 5 | Nov 30, 2022 | Dec 14, 2022 | Jan 25, 2023 | 0.0800€ | 0.109% |
FAQ
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