General Electric Co (GE) Down 1.94%; in an Uptrend Over Past 90 Days

The Hourly View for GE

Last Updated February 19, 2021, 12:44 GMT

At the moment, GE’s price is down $-0.16 (-1.35%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 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

General Electric Co came into today down 1.94% ($0.23) from the open of yesterday, marking the 2nd straight day it has gone down. As for how volume fared, yesterday’s volume was up 12.47% from the previous day (Wednesday), and up 15.1% from Thursday of 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 90 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 5 of the previous 10 trading days.

Overheard Around the Web

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

    $GE Yellen also said the White House will likely propose a second economic recovery package later this year that would include spending on longer-term investments like infrastructure, renewable energy, education, job training and research and development. The proposal would also include tax increases on corporations and wealthy Americans that would "phase in slowly over time." During his campaign, President Biden proposed raising the corporate rate to 28% from the current 21% (prior to President Trump's tax cuts in 2017, the rate was 35%).

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