General Electric (GE) Closes Last Hour Up $0.10; in an Uptrend Over Past 14 Days

The Hourly View for GE

Last Updated November 23, 2020, 15:5 GMT

Currently, GE’s price is up $0.32 (3.33%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as GE has now gone up 5 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

General Electric Co Daily Price Recap

9.76 was the closing price of the day for General Electric Co, resulting in today being one in which price moved up 1.04% ($0.1) from the day prior. This move happened on lower volume, as yesterday’s volume was down 7.58% from the day before — and down 7.97% from the same day the week before. The daily price chart of General Electric Co below illustrates.

GE

General Electric Co Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that General Electric Co’s price has gone up 10 of the previous 14 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to GE:

    $GEVO Gevo Inc. is engaged in commercializing jet fuel, gasoline and diesel fuel. The Company's fermentation yeast biocatalyst produces isobutanol through fermentation of renewable plant biomass. It operates through two segments: Gevo, Inc. (Gevo) segment and Gevo Development/Agri-Energy segment. Gevo segment is responsible for research and development activities related to the production of isobutanol, including the development of the Company's biocatalysts, the production and sale of renewable jet and other fuels, the Retrofit process and the generation of chemicals and biofuels. The Gevo Development/Agri-Energy segment is responsible for the operation of the Luverne Facility and the production of ethanol, isobutanol and related products. Its products include renewable gasoline, renewable biodiesel, isooctane, sustainable aviation fuel (SAF), isobutylene, ethanol and animal feed. $PEIX $AYRO $XPEV $GE

    Amaker