General Electric Co (GE) Up 2.47%; Price Base in Formation Over Past 90 Days

General Electric Co 4 Hour Price Update

Updated July 22, 2020 04:28 PM GMT (12:28 PM EST)

GE traders saw its share price increase 0.21% ($0.01) over the past four hours of trading. To help put that in perspective, note that General Electric Co’s peers in the in the Electrical Equipment industry are up 0.71% on average during this time, while its counterparts in the broader Industrials sector are up by an average of 0.64%.

General Electric Co Daily Price Recap

General Electric Co entered today at $7.04, up 2.47% ($0.17) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 42.65% from the day prior, and up 10.41% from the same day the week before. Here is a daily price chart of General Electric Co.

General Electric Co Technical Analysis

Notably, General Electric Co is now close to its 100 day averages, located at 7.12 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days General Electric Co’s price has gone up 7 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about GE:

    $GE Jul 21
    – Daily stock market timing forecast –
    ◆ Investing view
    => Buy – Bullish
    ◆ Search for the daily stock market timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 6.66 ~ 7.49
    % Change: -5.37% ~ 6.36%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand(S&D) strength flow appropriate to the current trend.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => About to begin an upward trend as an adjustment trend gradually gives way to increasing limited falls and strong rises.