General Electric (GE) Price Near $7.04; Heads Up For the 2nd Day In A Row

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