GE Forecast Down May-June20230422 General Electric (GE) Forecast 6/9/23 88.71 (-11% from 99.51 on 4/21/23)
GE trade ideas
GE Could Beat Inflation (Not Financial Advice)Testing more lines...
These scenarios aren't applicable if GE has any monthly close below 60 USD.
Near term (<2 year) target would be at or before 100 USD. Long term (~3 year) target is at or before 120 USD.
But, this is only a test & not financial advice... More explanation if we do not close below 60 USD this month.
GE Short? Someone tell me what's up with GE! Would love to see some opinions. Looks like a short to me.
Triple bottomPrice is breaking out the MONTHLY resistance, looks very strong. The short term target is the monthly resistance at $115 level.
GEWe can see clear rising wedge pattern also, Bearish divergence in RSI also MaCD, also chart gave me volume signal, which is when price going HH volume more lower.
I am taking risk entry short because its give me less stop loss.
GE TechnicalsGE entered it's 5-year horizontal sell zone today. Here's notable levels on the GE 1 week chart because GE is a slow mover, and it can take a long time for a bearish reversal. Except for an overnight newsworthy current events surprise drop. Plus, I included longer term options data. The two bearish options that stand out to me are the 4/21 expiry Put/Call Volume Ratio 3.77 and 6/16 expiry Put/Call Open Interest Ratio 1.93.
5-year horizontal trend levels:
R3 = $93.55
R2 = $83.66
R1 = $73.77
pivot = $63.88
S1 = $53.99
S2 = $44.10
S3 = $34.21
3/17 expiry options data:
Put Volume Total 554
Call Volume Total 832
Put/Call Volume Ratio 0.67
Put Open Interest Total 56,901
Call Open Interest Total 54,039
Put/Call Open Interest Ratio 1.05
4/21 expiry options data:
Put Volume Total 400
Call Volume Total 106
Put/Call Volume Ratio 3.77
Put Open Interest Total 4,364
Call Open Interest Total 8,356
Put/Call Open Interest Ratio 0.52
6/16 expiry options data:
Put Volume Total 336
Call Volume Total 611
Put/Call Volume Ratio 0.55
Put Open Interest Total 53,802
Call Open Interest Total 27,868
Put/Call Open Interest Ratio 1.93
GE with a clean breakout over $90weekly chart of $GE stock. Need to see a good daily close, but so far, a powerful breakout that sets the stage for $100
Long term GE hold? $GENYSE:GE
Taking a look at GE here
still at decent levels and when you zoom out you can really see where the potential could take you
at least 60% upside as a long term hold here imo
this isn't a trade this is a buy and hold without a doubt this is something that could take years to develop but if your patient? could double your investment in a few years.
Happy Trading
GE : Is General Electric a Good Stock To Sell? That's Why!Is General Electric (GE) a Good Stock To Sell? That is why!
Today we will look at a detailed analysis of GE from a technical and financial perspective.
I tried to keep this analysis as simple as possible.
You can see further details in the video analysis.
Thank you and Good Luck!
GE(General Electric) - What Should You Know About GE?GE(General Electric) - Beware of GE
As you can see from the chart, the price is near a strong resistance zone.
When the price was tested in that area in the past, we can see strong bearish price reactions.
The resistance zone located near $90 pushed the price down several times time
starting from May 18, February 20 (covid-19), March 21, June 21, and November 21.
The initial price reaction may again be aggressive and may push the price down again.
Usually, these are areas where sellers are well positioned on the daily chart
and even buyers think the price won't rise more and they tend to close profits.
So we are dealing also with strong profit taking areas.
Many times the sell-off begins also earlier in these situations when many want to take profits
even earlier before the price will reach the resistance zone.
At the end of the day, a strong reason will be needed for the price to exceed $90.
Thanks and Good Luck!
$GE outlook pivotal retesti believe we are looking to retest the breakout before confirming a real run. GE is one of my favorite stocks throughout 2023.
the retest sends us back towards 70/69
general electricI am bearish on GE I think that there is a strong level between 85-87 from Nov 2021. In my opinion for this stock overpriced and needed some consolidation
$GE with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $GE after a Negative over reaction following its earnings release placing the stock in drift C.
GE: Strength Ahead of Earnings ReportThis old company struggled to reinvent after the banking debacle destroyed its consumer financing division. Older companies CAN reinvent and start a new life.
I'm showing the Weekly Chart first so you can see the support zone below and the strong resistance above, where the stock may head sideways for a time.
Around $67 is the high of a completed short-term bottom that provides strong support for the current price action.
The stock entered the strong resistance level of the Trading Range highs of 2021 - 2022 with what I call a "pre-earnings" run.
On the daily chart:
GE had a strong momentum run ahead of its earnings report. This was a pre-earnings run, which tend to develop 2-4 weeks ahead of the earnings release. The company is reporting Tuesday this week.
The strong reversal candle on Friday after 2 down days is also an indication that the report will be good.
GE D1 - worth watching for potential double top on LTF next weekAnother stock that seems to respect median lines and provides good reversal zones for option spreads strategies, especially around earnings next week
General Electric (Long)General Electric
Long
Entry at 80.49
Take Profit at 87.18 (8.31% profit from entry)
Stop loss at 77.55
GE - uptrend underway?The chat is self explanatory. Double Bottom, and then a golden cross. Finally a high volume candle on 4 Jan23 that propelled it quickly from 66.31to 71.94 (8.5%) in 3 days.
Initial stops can be placed just under the high volume candle (ie < 66.70).
However with numerous near term resistences looming, expected to face some pullbacks / consolidation along the way up. Near term dips will present good opportunity to long. Do not chase if the stock has been rising as it approach earnings release (expected on 24 Jan) as it could then more likely than not to sell off on "news" (good or bad).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
General Electric MOON boyslooking like the electricity market is going haywire in the months to come. seeming like this will take out these local highs and run to this higher level $100+ soon. As inflation continues to kick price of goods increases commodities prices should reflect that
GE-BULLISH SCENARIOThe American multinational conglomerate is one of the hottest possibilities now.
The chart formed an uptrend channel supported by strong fundamentals. With a P/E ratio of 32.65 (the industry has an average Forward P/E of 14.47), and a PEG ratio of 4.66, the company seems undervalued compared to the sector.
The short–term expectations are for the uptrend to continue to the $88-$90 resistance level.
If a breakout occurs the next resistances are located as follows:
R1 $ 100
R2 $ 116
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General Electric (NSDAQ:GE) - Is GE a STRONG BUY?NYSE:GE
The US-based General Electric (GE for short) is one of the largest conglomerates in the world. Since 2016, its headquarters have been located in Boston, Massachusetts. Around 174,000 employees work for the company in over 170 countries. The company produces a wide range of products that are in demand in industry, medicine and aircraft construction.
Operationally, the Group is divided into five business units:
Aviation
Healthcare
Power
Renewable Energy
Capital
GE has been plagued by the issues that come with industrial giants for a very long time. Large, centralized businesses frequently struggle with insufficient flexibility, excessive bureaucracy, and a lack of entrepreneurial independence for the various departments.
Then-CEO John Flannery revealed a new approach to stay competitive. Three business units within GE were to be spun off in order to reduce its size, with GE concentrating on its aviation, energy, and renewable energy businesses. Flannery's time in office ended up being incredibly brief. He was fired by the board unanimously a year after being named CEO. Lawrence Culp assumed control of his position, and the previous leader's objectives were altered. Although the method of streamlining was altered, the end result remained the same.
In the future, GE therefore targets to focus on the business units aviation, healthcare as well as renewable energy, power and digital combined as one group. Now that the spin-offs have given each company sector more entrepreneurial flexibility, the question is how those business areas will evolve. At the same time, debt reduction at GE is ongoing.
Is GE a strong BUY?
Tradingview reports that 13 out of 22 analysts rate it as a "strong buy", two analysts rate GE as a "buy", and the remaining seven analysts rate it as a "hold" with a maximum estimate of USD 107.00 and a minimum estimate of USD 72.00. The current GE stock price is USD 81.79.
The predicted EPS for Q4-2022 is expected to rise by 26% from the reported EPS from the previous quarter. Analysts predict that the EPS will rise annually by close to 50% when compared to the reported EPS from 2021.
According to predictions, income will drop somewhat in 2022 compared to 2021, by about 0.55%. However, the analysts predict that sales may rise in the years to come.
GE D ChartBullish Pattern: If it breaks above this line and holds it. There will be a change in trend from bearish to bullish
Bullish Reversal GEMACD is cooling off for the sellers and the STRAT is showing a 212 bullish reversal with a 66% win rate. Many are trapped in $85 area. In the blue are the targets based upon prior support and resistance levels. It will take its time but will make it back to $85.39.
