GE Could go either way... (LONG TERM)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 in MAY of 2020. Since GE rose back up as fast as it dropped indicating that it will continue in an uptrend.
This is a super long term prediction that will take a lot of time for it to reach this goal, however I feel that now is a good time to buy shares worth $14 that could be worth $100+ by 2029. As far as projected inflation is concerned, this will still be a gain of +20% over 5-year inflation.
There is a possibility that we have hit an upper level of the current downtrend. This may be the case, however, With the current business/economic plan of the U.S. GE is a company that has influence inside the American government and personally I think will win in the end.
1GE trade ideas
GE: Complete Multi Time Frame Analysis (1h, D, W).Hello traders and investors! Let’s see how GE is doing today and do a complete Multi Time Frame Analysis (MTFA) on it!
First, in the 1h chart, we see a short-term bear trend , as we have lower highs/lows, and a purple trendline connecting the previous tops. But GE recently hit the orange line at $ 12.79, which is a nice support level.
If GE is about to reverse this short-term trend, now is the best time for it. The stock must either break the purple trendline or make a bullish structure. Now, let’s see the daily chart:
We may have a short-term bear trend in the 1h chart, but the trend is slightly bullish in the daily chart. Although we don’t have higher highs, we do have higher lows, and GE just hit the purple trendline today, which is a nice support level as well, and it is bouncing back up.
The orange line in the 1h chart and the purple trendline in the daily chart make this price level a Dual-Support zone in different time frames, something worth noticing.
Today’s reaction is quite good, but GE still must defeat the green line at $ 13.69 in order to fly again, as this point worked as a resistance twice in the past, and it seems to be an important psychological point. While this is possible, keep in mind that we are in a delicate situation in the long-term perspective:
We recently hit the green line at $ 13.26 (pre-covid high), and now the stock is dancing around this price level. It can’t drop, because it is still a strong stock, but it is not that strong to the point of breaking this resistance for good.
All that is left is an annoying congestion , until the 21 ema catches up with the price. We have something that resembles a Pennant pattern , and if that’s the case, fantastic.
The low volume is another evidence that this is just a harmless correction in larger time frames, but although this is a good sign, it'll probably take a while before GE does something interesting again.
We must be patient here, but let’s keep monitoring GE closely. And if you managed to read this far, remember to follow me to keep in touch with my daily studies, and please, support this idea if you liked it!
Thank you very much!
GE 1 Year Analysis (Price Action)Beginning in late September and early October of 2020, we started to see a recovery of GE from a huge decline due to covid in march having the stock price decrease from about 12.5 to 6.5.
After staying relatively neutral for about 6 months, it finally showed signs of an uptrend around fall. It first surpassed the 100SMA in late September and intersected the 10SMA and 200SMA in early November to confirm an upward trend in price action.
The channel I have displayed is the time it initially introduced its electric car concept to compete with the US's powerhouse, Tesla, and China's head manufacturer, Nio.
It has been remained above support levels since November and has seen a percentage change in 80%, nearly doubling from 7.5 to 13.5.
Due to my analysis on this 1year price action, I am long on GE and I'm very bullish in the long term as I suspect it will see considerable yet safe growth in the next 6 months-1year.
1 Week Technical OverviewShort term side of things, we are bullish on this but we would like to wait for price action confirmation before entering any positions. Right now, RSI is slowly approaching RSI of 70+ and historically any RSI over 75 has to lead to a huge sell-off. Not to mention, our MA has struggled to hold support, although it is an upward direction channel, we want to minimize risk with our entry point. The last point, is we want to wait for the intersection of MACD across our SHORT TERM MA to confirm our entry. As far as exit point, we would wait for validation aka having our price action dip below support (Short Term MA), and for confirmation of our 2nd MACD crossing.
GE 6 Month TrendAs shown in the chart, over the last six months since mid September 2020, GE has been trading on an uptrend that is on pace with it's current two week uptrend. This longer period uptrend conveys that the shorter period uptrend is strong because it is historically backed. If the trend continues, It is probable that GE could make a move by the end of the year to a historical resistance line at $18.86. In the chart I've also included Moving Average lines including the 10 day, 30 day, and 50 day to show that since the uptrend began, the 30 day MA has moved back above the 50 day and below the 10 day indicating a bullish trend in the short term. The current uptrend also shows multiple bounces off of the 10 day MA acting as a line of support for the trend, even furthering my bullish view on the stock price.
GE Two Week TrendsThis chart shows the history of GE's stock prices over the last couple months. Recently, GE has began an uptrend after a bounce off of the VWAP curve. The VWAP curve has proven to be a strong line of support for GE historically. Over the course of the last couple weeks, GE is in an uptrend. However, GE is trading at $13.60 as of close on Friday, April 9th 2021. The chart shows that historically, there has been a strong line of support/resistance around this price (approximately $13.60). If this line of resistance holds, GE will likely see a bounce to the downside in the short term and the line of support for GE's current uptrend will be retested for a third time (around $13.40). If the uptrend holds, it is probable that there will be a run to the upside surpassing it's current price and potentially rising to about $13.90-$14.00 in the short term where it will reach another historical line of resistance/support.