GE trade ideas
Worth keeping an eye on GE for potential breakoutGE gapped up on the last earnings release. The stock managed to get past some resistance levels as well.
The price action is forming a nice tightening range recently (as many stocks have over Christmas).
It may be worth keeping an eye out for a breakout.
Simple formation.
GE at key W resistance | Opp. for shortGeneral Electric has reached a key daily and weekly resistance.
It has already re-tested this resistance and I would like to use it as an opportunity. Now, if the price will have really weakness it should drop and filled a market gap at $9.70 which would be also our target.
If there will be no strength in our resistance I will immediately cut this trade, because overall this stock looks very strong in the short term. Take this idea as some relief to take more longs at $9-10 levels.
GE - DAILY CHART Hi, today we are going to talk about General Electric and its current landscape.
General Electric is poised to receive increasing attention from the market as relevant events are taking place. Despite the good of year of the companies, some mixed events can shift the balance of sentiments; on the concerning side, GE might make a significant blow from the Boeing decision of halt the production of the 737 MAX jetliner, which engines GE is responsible for producing. The optimistic case is built around the hope that General Electric CEO Larry Culp could revert this seatback as he managed to increase the company credibility and the dividend report that is nearing.
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General Electric (Weekly Chart)General Electric | From once being an industrial behemoth of the world, the trajectory of the GE share price is reflective of a major economic and market crisis – except we are not experiencing a crisis. A review of the weekly chart sees very similar price action as was the case during the 2008/2009 market crash when it fell by 80% from September 2007 to February 2009. At current levels, the recovery appears very similar to when we saw the share price rebounded off depressed levels and cleared it’s 40-week moving average. The Relative Strength Index has also made a 3 1/2-year high, reflecting the strength of the current move. When do traders/investors buy this name? On a pullback to the 40-week moving average. Current price: $11.34 / 40-week MA: $9.86.
GE Pattern & ForecastGE Elliott forecast. We are in wave 5 of larger wave 3. Should see a little more upside before a larger wave 4 breakdown to the dashed horizontal lines below price. Wave 4 should be an ABC pattern and may take a week or two before completion. Upon completion of wave 4. Look out for larger wave 5 and lots of upside momentum.
Happy Trading!
NYSE:GE
$GE Trade setup in General ElectricPurely a technical trade as the fundamentals in GE we believe do not deserve any bullish sentiment.
Entry level $11.41= $12.31 = $11.16
Company profile
General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through the following segments: Power, Oil & Gas, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital. The Power segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. The Transportation segment engages in global technology and supplier to the railroad, mining, marine and drilling industries. The Appliances & Lighting segment products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The company was founded by Thomas A. Edison in 1878 and is headquartered in Boston, MA.
Potential Bull Flag in General Electric as Industrials ClimbIndustrial stocks have come to life since early October as investors look for the economy to recover from the U.S. – China trade war. Now one of the biggest and most liquid names in the entire sector is rebounding from a pullback, and a classic bull-flag continuation pattern may be taking shape.
General Electric reported a potentially transformative quarter on October 30. Strong free cash flow dispelled worries about its balance sheet -- similar to the story in Tesla . In both cases, big obstacles that once kept some investors on the sidelines could be going away.
GE gapped higher after that report and then pulled back. It found support at the same $10.70 - $10.80 area that was resistance in June and July. It's climbing again today following an upgrade by UBS, which raised it price target to $14.
It is a strong news-driven move with the potential for brief consolidation, so traders may find some opportunities closer to $11.20.
Energy is another potential catalyst because GE owns about one-third of oil-field servicing company Baker Hughes . This has also been one of the stronger niches in the market over the last week, and also stands to benefit from trade optimism potentially lifting crude.
$GE Buy rating for General Electric Entry level at approx $11.25 with $12.60 piece target just below monthly horizontal resistance
Analyst change prompts UBS to upgrade GE to Buy from Neutral UBS analyst Markus Mittermaier assumed coverage of General Electric from prior analyst Damian Karas and upgraded the shares to Buy from Neutral with a price target of $14, up from $11.50. The stock closed Wednesday at $10.97. The shares are at a "positive inflection point" into 2020 given GE's successful de-levering, "strong" estimated earnings growth in 2020 and 2021, and a tripling of free cash flow to $2.3B next year led by Aviation and Healthcare, Mittermaier tells investors in a research note. As a result, the analyst expects the stock's narrative to change from "significant cash drag to successful transformation." He sees 26% upside in GE shares
Source thefly.com
$GE at 11.1 Expecting Big Move (+/- 10%) Mixed signals but mostly bearish signs . MFI broke its trend and RSI reversed from its trend looking forward to test 70s level then drop back again to low levels . Bullish candle sticks during last 3 sessions supported by good volume too so mainly expecting bounce to levels of 11.5 then fall back to 9.5 this is most probable scenario . other scenario became more bullish if jump above previous top at 11.84.. then its became clear bearish for mid-term targeting 18-20 on long term