General Electric (GE) Closes Prior Hour Down -0.14%; 3 Day Up Streak Ended, in an Uptrend Over Past 14 Days

The Hourly View for GE

Last Updated October 20, 2020, 10:11 GMT

At the time of this writing, GE’s price is up $0.05 (0.69%) from the hour prior. GE has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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

The end of a 3 day positive run has come for General Electric Co, which finished the day prior down 0% ($0). The change in price came along side change in volume that was down 23.03% from previous day, but up 26.27% from the Monday of last week. Let’s take a look at the daily price chart of General Electric Co.

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General Electric Co Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that General Electric Co’s price has gone up 6 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 I feel like quite the contrarian when I post anything bearish here, but it’s important to have a plan in the event that say…the stimulus (which will greatly effect aviation stocks, as you know) gets pushed off even further. So here are some scribbles that may come to fruition if things turn sour.

    If you’re following, this goes against my bullish stance from several days ago, which is why I don’t currently have a position.

    Not a pessimist or optimist, but a realist.

    Perilous