General Electric Just Breached This Major Moving Average Level

The Daily View for General Electric

  • At the time of this writing, GE’s price is up $0.03 (0.22%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up 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 moment, GE’s price is down $-0.47 (-3.48%) from the day prior.
  • General Electric has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 and 50 day moving averages, resulting in them with price now being below them. 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 Could go either way… (LONG TERM) you may find interesting:

GE has entered a consolidation zone. a breakout from this zone will indicate whether GE will have huge gains or will drop significantly.This projection is long term, GE could oscillate in this zone for years, or it could happen very soon. Keep GE on your watchlist and occassionally check back. My prediction is LONG with an increase of 8x over 8 years. (70% likely) .This long prediction is because of the nice double bottom that happened i…

CrazyLarry