General Electric Came Into Today Up 1%

The Daily View for General Electric

  • At the time of this writing, GE’s price is up $0.08 (0.61%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on General Electric. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

General Electric’s hourly price chart is shown below.

GE

The Daily View for General Electric

  • Currently, GE’s price is up $0.13 (1%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Of note is that the 20 day changed directions on GE; it is now pointing up. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of General Electric.

GE

Featured General Electric Idea From TradingView

Below is a trading comment entitled GENERAL ELECTRIC you may find interesting:

GE has broken a very strong resistance barrier,I expect the companies share to rally strongly.

Aaronrazho