Technical Signs Suggest GE’s Uptrend May Be Stalling

The Hourly View for General Electric

  • At the moment, GE’s price is down $-0.19 (-0.26%) from the hour prior.
  • General Electric has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • 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 down $-0.96 (-1.28%) 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 trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • 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 alert: Trend in GE’s price and its RSI are diverging. GE’s price is rising faster than its RSI.

Below is a daily price chart of General Electric.

GE

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