General Electric Co (GE) Down 4.08%, Crosses 20 Day Moving Average; Price Base in Formation Over Past 90 Days

General Electric Co 4 Hour Price Update

Updated September 01, 2020 04:35 PM GMT (12:35 PM EST)

In the past four hours of today’s trading session, GE’s price is down $-0.04 (-0.55%). For context, General Electric Co’s peers in the in the Electrical Equipment industry are up 0.88% on average in this time, while the broader Industrials sector is up by an average of 1.48%.

General Electric Co Daily Price Recap

The choppiness in the recent daily price action of General Electric Co continues; to start today, it came in at a price of 6.34 US dollars, down 4.08% ($0.27) since yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 139.68% from the day prior, and up 122.62% from the same day the week before. Let’s take a look at the daily price chart of General Electric Co.


General Electric Co Technical Analysis

Notably, General Electric Co crossed below its 20 day moving average yesterday. Also of note is that on a 90 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 30 days General Electric Co’s price has gone down 16 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to GE:

    $GE General Electric 's GE Power division is about to get a new publicly traded competitor. Siemens was playing host to an investor event on Tuesday in advance of spinning off its own power division to investors. The new company — to be called Siemens Energy — is due to start trading on Sept. 28 in Germany . This is big. GE should do this, but if Siemens power IPO is going to be $20 we know how undervalued GE is…