The Hourly View for GE
Last Updated September 17, 2020, 23:12 GMT
At the time of this writing, GE’s price is up $0.19 (2.81%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 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
General Electric Co is up 4.44% ($0.3) since the previous day, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 1.58% from the day prior, and up 115.45% from the same day the week before. Let’s take a look at the daily price chart of General Electric Co.
General Electric Co Technical Analysis
For additional context, note that price has gone up 7 out of the past 14 days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to GE:
$GE Uptrend continue to remains intact..
260 million shares traded today. 2 million more than yesterday. 75% of which are still holding on to their positions. 25% has taken profit, with a hope that a retracement will happen in order to buy more.
Accumulate on price weakness below $7.00