RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GE
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General Electric stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 06, 2023 Gain 61.14% PDF

The General Electric stock price gained 3.79% on the last trading day (Wednesday, 27th Mar 2024), rising from $173.55 to $180.12. During the last trading day the stock fluctuated 3.25% from a day low at $174.68 to a day high of $180.36. The price has risen in 7 of the last 10 days and is up by 5.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $1.80 billion.

The stock lies in the middle of a strong 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 44.61% during the next 3 months and, with a 90% probability hold a price between $248.60 and $268.36 at the end of this 3-month period.

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GE Signals & Forecast

The General Electric 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 $175.19 and $159.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 03, 2024, and so far it has risen 45.19%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for General Electric stock

On the downside, the stock finds support just below today's level from accumulated volume at $167.96 and $166.50. There is a 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 finds support just below today's level at $167.96. If this is broken, then the next support from accumulated volume will be at $166.50 and $146.50.

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 $5.68 between high and low, or 3.25%. For the last week, the stock has had daily average volatility of 2.01%.

Our recommended stop-loss: $173.74 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 58 days ago.)

Trading Expectations (GE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect General Electric Company to open at $178.39, and during the day (based on 14 day Average True Range), to move between $176.28 and $183.96, which gives a possible trading interval of +/-$3.84 (+/-2.13%) up or down from last closing price. If General Electric Company takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $167.96, some $12.16 (6.75%) from the current price of $180.12, our system finds the risk reward attractive.

Is General Electric Company stock A Buy?

General Electric holds several positive signals and is within a strong 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.951 Strong Buy Candidate Upgraded

Predicted Opening Price for General Electric Company of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$178.39 ( 0.96%) $180.12

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 184.07 2.19 %
R2 181.90 0.99 %
R1 180.56 0.242 %
Current price: 180.12
Support S1 176.22 -2.17 %
S2 174.88 -2.91 %
S3 172.71 -4.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 180.12
Support S1 167.96 -6.75%
S2 166.50 -7.56%
S3 146.50 -18.67%

GE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 15, 2023 Dec 27, 2023 Jan 25, 2024 $0.0800 0.0616%
2 Sep 08, 2023 Sep 25, 2023 Oct 25, 2023 $0.0800 0.0719%
3 Jun 30, 2023 Jul 10, 2023 Jul 25, 2023 $0.0800 0.0683%
4 Feb 10, 2023 Mar 06, 2023 Apr 25, 2023 $0.0800 0.0813%
5 Nov 30, 2022 Dec 14, 2022 Jan 25, 2023 $0.0625 0.0773%

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 positive signals and is within a strong 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy 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 2024-03-27, the price of an General Electric (GE) share was $180.12.

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 $92.56.

What is the market capitalization of General Electric Stock?
As of the 2024-03-27, the market capitalization of General Electric is 196.03B.

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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