General Electric Company 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 Company stock price ended at 147.50€ on Monday, after losing 0.673%.
(Updated on May 20, 2024)
The General Electric Company stock price fell by -0.673% on the last day (Monday, 20th May 2024) from 148.50€ to 147.50€. During the last trading day the stock fluctuated 2.78% from a day low at 144.00€ to a day high of 148.00€. The price has been going up and down for this period, and there has been a -5.45% loss for the last 2 weeks. Volume has increased on the last day by 79 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, 563 shares were bought and sold for approximately 83.04€ thousand.
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 2.56% during the next 3 months and, with a 90% probability hold a price between 138.71€ and 172.78€ at the end of this 3-month period.
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GNE.PA Signals & Forecast
There are few to no technical positive signals at the moment. The General Electric Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 149.07€ and 148.11€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -6.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). General Electric Company gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 145.00€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 4.00€ between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: 140.18€ (-4.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (GNE.PA) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect General Electric Company to open at 146.50€, and during the day (based on 14 day Average True Range), to move between 143.10€ and 151.90€, which gives a possible trading interval of +/-4.40€ (+/-2.98%) up or down from last closing price. If General Electric Company takes out the full calculated possible swing range there will be an estimated 5.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 148.50€ (0.68%) than the support at 145.00€ (1.69%), 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 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.
Current score: -0.431 Hold/Accumulate Unchanged
Predicted Opening Price for General Electric Company of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 146.50€ ( 0.678%) | 147.50€ |
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 | 150.50 | 2.03 % | |
| R2 | 148.97 | 1.00 % | ||
| R1 | 148.03 | 0.358 % | ||
| Current price: | 147.50 | |||
| Support | S1 | 144.97 | -1.71 % | |
| S2 | 144.03 | -2.35 % | ||
| S3 | 142.50 | -3.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 155.50 | 5.42 % | |
| R2 | 155.00 | 5.08 % | ||
| R1 | 148.50 | 0.678 % | ||
| Current price | 147.50 | |||
| Support | S1 | 145.00 | -1.69% | |
| S2 | 140.00 | -5.08% | ||
| S3 | 134.00 | -9.15% |
GNE 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 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | 0€ | 0% |
| 3 | Sep 25, 2023 | Sep 25, 2023 | Sep 25, 2023 | 0.0800€ | 0.0950% |
| 4 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | 0.0800€ | 0.0998% |
| 5 | Mar 06, 2023 | Mar 06, 2023 | Mar 06, 2023 | 0.0800€ | 0.121% |
FAQ
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