General Electric Co (GE) Fares the Worst Out of mega cap US stocks, Down 2.83%; Price Base in Formation Over Past 90 Days

General Electric Co 4 Hour Price Update

Updated July 21, 2020 04:38 PM GMT (12:38 PM EST)

In the past four hours of today’s trading session, GE’s price is up $0.26 (3.86%). For context, General Electric Co’s peers in the in the Electrical Equipment industry are up 2.61% on average in this time, while its counterparts in the broader Industrials sector are up by an average of 2.29%.

General Electric Co Daily Price Recap

The back and forth price flow continues for General Electric Co, which started today off at 6.87 US dollars, down 2.83% ($0.2) from the day prior. This move happened on lower volume, as yesterday’s volume was down 18.29% from the day before — and down 34.38% from the same day the week before. Below is a daily price chart of General Electric Co.

General Electric Co Technical Analysis

Coming into today General Electric Co is now close to its 20 and 50 day averages, located at 6.83 and 6.85 respectively, and thus may be at a key juncture along those timeframes. Volatility for General Electric Co has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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. For additional context, note that price has gone up 9 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:

    $LEN $TOL $GE $KBH $DHI Industrial and construction sectors. Taylor Devices (TAYD) is profitable and debt-free with a lot of cash. TAYD is also dirt-cheap because it trades just 5 times its EBITDA while being a takeover target.

    thinkandpick