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

The Daily View for General Electric

  • Currently, GE’s price is up $0.04 (0.31%) from the day prior.
  • General Electric has seen its price go up 8 out of the past 10 days, thus creating some compelling opportunities for bulls.
  • 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.
  • 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 time of this writing, GE’s price is up $0.14 (1.09%) from the day prior.
  • The daily chart shows that General Electric has seen 2 straight up days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 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: Some patterns you should be aware of! you may find interesting:

Hello traders and investors! Let’s talk about GE again! As we discussed in our last study, GE reacted quickly and denied the bearish pattern seen in the hourly chart of an Island Reversal , and it filled its gap. As usual, we have some congestion now, but only after it stressed the 21 ema in the daily chart. Also, if you missed my previous analysis on GE, the link to it is below this post, as usual. Now, in the daily chart, we have an idea of a H&S chart pattern, but it wasn’t triggered yet. In fact, if GE denies this pattern and defeats the last “shoulder” by trading above its high, probably we’ll see a continuation of the bullish momentum. Today, we had a classic Bullish En…

Nathan_Black