Bullish vs. Bearish (7 opinions)
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GE Forecast and Technical Stock Analysis
Hold candidate since 2019-10-30 Gain 12.96% PDF
General Electric Company gained 0.62% in the last trading day ( Tuesday, 12th Nov 2019 ), rising from $11.35 to $11.42 During the day the stock fluctuated 2.57% from a day low at $11.29 to a day high of $11.58. The price has risen in 8 of the last 10 days and is up by 25.91% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 3.33 million more shares were traded than the day before. In total, 47.10 million shares bought and sold for approximately $537.83 million.
- 30 day high of the GE stock price was $11.58 and low was $8.61.
- 90 day high was $11.58 and low was $7.65.
- 52 week high for General Electric Company - $11.75 and low - $6.66.
General Electric Company lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $11.58 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 21.02% during the next 3 months and, with 90% probability hold a price between $10.97 and $14.02 at the end of this period.
General Electric Company holds buy signals from both short- and long-term moving averages. In addition, 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 $11.21 and $9.42. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday November 08, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 85 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $10.11 and $8.80.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, General Electric Company finds support just below today's level at $10.11. If this is broken, then the next support from accumulated volume will be at $8.80 and $8.79.
This stock may move much during a 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 $0.29 between high and low, or 2.57%. For the last week, the stock has had a daily average volatility of 2.69%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $10.87 (-4.82%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from pivot top found 2 day(s) ago.)
2.69 %Average volatility
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|GE $11.42 ($0.07 0.62%)|
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