General Electric (GE) Closes Prior Hour Down -0.66%; in an Uptrend Over Past 90 Days

The Hourly View for GE

Last Updated January 18, 2021, 02:011 GMT

At the time of this writing, General Electric’s price is down $-0.28 (-2.44%) from the hour prior. The hourly chart shows that General Electric has seen 3 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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

11.33 was the closing price of the day for General Electric Co, resulting in today being one in which price moved down 2.83% ($0.33) from the previous day. The price move occurred on volume that was up 23.13% from the day prior, but down 44.57% from the same day the week before. The daily price chart of General Electric Co below illustrates.

GE

General Electric Co Technical Analysis

The clearest trend exists on the 90 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

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

    $GE Growth expected this year. This goes well for industrial companies like GE

    Sat, January 16, 2021, 1:41 PM

    "Analysts at Goldman Sachs Group raised their U.S. growth forecast for the second time this month on expectations that President-elect Joe Biden’s fiscal stimulus plan will hasten the economy’s recovery from the COVID-19 pandemic."

    "The bank expects economic growth of 6.6% in 2021, compared with a previous forecast of 6.4%, according to a report published on Saturday. It also raised forecasts for how much stimulus the new administration will be able to push through in the near-term, to $1.1 trillion from $750 billion."

    GE to $17 by end of year. At least.

    steve543