General Electric Co (GE) Down 3.08%; in an Uptrend Over Past 30 Days

General Electric Co 4 Hour Price Update

Updated June 18, 2020 05:10 PM GMT (01:10 PM EST)

GE traders saw its share price drop -0.55% ($-0.04) over the past four hours of trading. For context, General Electric Co’s peers in the in the Electrical Equipment industry are up 0.25% on average in this time, while its peers in the broader Industrials sector are down by an average of -0.33%.

General Electric Co Daily Price Recap

General Electric Co entered today at $7.24, down 3.08% ($0.23) from yesterday. This move happened on lower volume, as yesterday’s volume was down 23.46% from the day before — and down 52.56% from the same day the week before. Here is a daily price chart of General Electric Co.

General Electric Co Technical Analysis

Notably, General Electric Co is now close to its 20 day averages, located at 7.19 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that General Electric Co’s price has gone up 8 of the previous 14 trading days.

Overheard Around the Web

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

    $GE When Covid19 is uptrend, GE goes down trend. No matter what stupid Trump administration says, most of what they said were wrong anyways, vaccine for Covid19 is the key elements to boost GE and other industries. As some "smart analysts, not anal-ists" said second dip is coming due to the increase of Covid19. If you are going for long term, like 3+ years of this stock, this is good opportunity to buy more, otherwise, I wouldn't bother to touch GE. Don't want to be stressed out by GE's performances.

    TradeAnimal2020