General Electric Does it Again: Heads Up for the 2nd Straight Day

The Daily View for General Electric

  • At the moment, GE’s price is up $0.04 (0.3%) from the day prior.
  • This is the 3rd day in a row General Electric has seen its price head down.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on General Electric. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Of note is that the 200 day changed directions on GE; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

General Electric’s hourly price chart is shown below.

GE

The Daily View for General Electric

  • At the moment, GE’s price is up $0.09 (0.67%) from the day prior.
  • The daily chart shows that General Electric has seen 2 straight up days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of General Electric.

GE

Featured General Electric Idea From TradingView

Below is a trading comment entitled GE: Complete Multi Time Frame Analysis (1h, D, W). you may find interesting:

Hello traders and investors! Let’s see how GE is doing today and do a complete Multi Time Frame Analysis (MTFA) on it! First, in the 1h chart, we see a short-term bear trend , as we have lower highs/lows, and a purple trendline connecting the previous tops. But GE recently hit the orange line at $ 12.79, which is a nice support level. If GE is about to reverse this short-term trend, now is the best time for it. The stock must either break the purple trendline or make a bullish structure. Now, let’s see the daily chart: https://www.tradingview.com/x/YeWtyz8t/ We may have a short-term bear trend in the 1h chart, but the trend is slightly bullish in the daily chart. Although we don’t have higher highs, we do have higher lows, and GE just hit the purple trendline today, which is a nice support level as well, and it is bouncing back up. The orange line in the 1h chart and the purp…

Nathan_Black