General Electric Co (GE) 2 Day Up Streak Snapped, Breaks Below 50 Day Average; Price Base in Formation Over Past 30 Days

General Electric Co 4 Hour Price Update

Updated July 02, 2020 04:34 PM GMT (12:34 PM EST)

In the past four hours of today’s trading session, GE’s price is up $0.13 (2%). For context, General Electric Co’s peers in the in the Electrical Equipment industry are up 1.26% on average in this time, while its peers in the broader Industrials sector are up by an average of 1.46%.

General Electric Co Daily Price Recap

General Electric Co entered today at $6.74, down 1.32% ($0.09) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 73.89% from the day prior, and up 54.38% from the same day the week before. The daily price chart of General Electric Co below illustrates.

General Electric Co Technical Analysis

Moving average crossovers are always interesting, so let’s start there: General Electric Co crossed below its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days General Electric Co’s price has gone down 6 them.

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