General Electric is Up for the 2nd Day in a Row

The Hourly View for General Electric

  • At the time of this writing, GE’s price is down $-0.1 (-0.13%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as General Electric has now gone down 4 of the past 5 hours.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on General Electric. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly 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 $1.26 (1.72%) 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 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on General Electric. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between GE’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in GE’s price.

Below is a daily price chart of General Electric.

GE