General Electric Co (GE) Up 0.28%, Price Base in Formation Over Past 90 Days; is Inching Close to 100 Day Average

General Electric Co 4 Hour Price Update

Updated July 23, 2020 04:29 PM GMT (12:29 PM EST)

GE traders saw its share price decline -0.21% ($-0.01) over the past four hours of trading. For context, General Electric Co’s peers in the in the Electrical Equipment industry are down -0.57% on average in this time, while its counterparts in the broader Industrials sector are up by an average of 1.19%.

General Electric Co Daily Price Recap

General Electric Co is up 0.28% ($0.02) since the previous day, marking the 2nd day in a row an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 6.26% from the day before — and down 4.11% from the same day the week before. Here 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 100 day averages, located at 7.08 respectively, and thus may be at a key juncture along those timeframes. 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 another vantage point, consider that General Electric Co’s price has gone up 7 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 7 phone calls and this stock trades in the 20's! JOKE!! Make the tough calls!!! Excuse me for sounding crass but from top down Leadership has to go!! Billions upon Billions GONE!! Do not listen to the BS! Good Luck!

    beyondthenoise