GENERAL ELECTRICGE has broken a very strong resistance barrier,I expect the companies share to rally strongly.
GE trade ideas
GE - Short-term & Long-termHello traders !
First of all, this is not a professional analysis nor an advice of any kind. I’m only sharing my thoughts.
General Electric is at strategic resistance/support level, which goes back to Jun 2010, at 13.27.
For the short-term, GE is showing bearish signs as the weekly candle opened and closed below the strategic resistance (Yellow line) + the daily MACD has already crossed below its signal.
The way I see it, there are two possible scenarios:
1. It tests the SMA200, at around $12.25, before it bounces back at around $16.
2. If SMA200 failed to act as a support level, then the next support level would be the green trendline at around $11.
Inconclusion, General Electric is bearish for the next couple of weeks and Bullish for the long-term.
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Happy trading!
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.
GE: Some patterns you should be aware of!Hello traders and investors! Let’s talk about GE again!
As we discussed in our last study, GE reacted quickly and denied the bearish pattern seen in the hourly chart of an Island Reversal , and it filled its gap. As usual, we have some congestion now, but only after it stressed the 21 ema in the daily chart. Also, if you missed my previous analysis on GE, the link to it is below this post, as usual.
Now, in the daily chart, we have an idea of a H&S chart pattern, but it wasn’t triggered yet. In fact, if GE denies this pattern and defeats the last “shoulder” by trading above its high, probably we’ll see a continuation of the bullish momentum.
Today, we had a classic Bullish Engulfing candlestick pattern, which has a good chance of working as a reversal in the next few days.
Now, to the weekly chart:
It is natural to see some exhaustion signs, after all, GE just hit an important resistance level at the green line (the high before the Covid’s crash), and it is far from the 21 ema.
We had a Bearish Engulfing 2 weeks ago, which wasn’t triggered as well, so, GE is just moving sideways, and this is a nice sign, as crazy as this sounds . When a stock goes up too fast, it must rest a little bit, but when the stock rests while moving sideways, it means the buy force is still present, then we have a sideways correction – or as I like to call, Time Correction .
So, let’s not be frustrated or surprised if GE keeps trading sideways until the 21 ema hits the price. Meanwhile, let’s keep studying it, and if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea with your like if you’ve read this far!
Thank you!
GE speculativeHello everyone, today, I think, is time to talk about General Electric Company.
I can say, that from vision of fundamental analysis it is danger play. Company had a lot of problems for last 3-4 years.
Bad news are:
- we have really bad condition in financial stability, so-so valuation rank (not good and not bad)
- return don't cover debts (but, maybe, it is temporarely)
- overevaluated and price is higher even then FCF
- Company is more volatile because of fundamental problems and is less "resistant" to the news, conferences.
Good news are:
- Finally, company has good financial results, they are best in this industry
- New management took course on decreasing of debts
- Optimization of business cause lesser inventories and decreasing non-profitable parts of company.
- Gurus of Fundamental investing use GE as middle/short term asset, so it is possible to use it too. In september 2020 if You will invest in GE, at the 01/01/2021 you will have 100% of profit.
But I recomend to be careful, look for oportunities and chances. Or if You are ready to play in speculations and risk - don't risk too much, think about money management.
As usual - that is only opinion, I don't give recomendations. Any investing or speculations is risky and can cause losses. Past success don't guarant success in the future.
Head and shoulder in 30 min chart!keep it on your watchlist! crossing below 13 makes it a good choice to buy put 13 march 26!
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GE UpdateI like Larry Culp as a CEO. I like the recent moves they've been making:
1. GE Healthcare launched a new wireless hand held ultrasound named "Vscan Air." GE Healthcare estimates that the market for hand held ultrasounds will grow as big as $1billioin in the next decade and they want to capture 30% of market buy 2025! This bad baby connects to a smartphone app and is entirely wireless. The device can also be used by traines health-care providers to quickly evaluate blood flow, gallbladder disease and assess and monitor Covid-19 through a lung exam.
2. Aercap merged with GE's jet leasing unit. Aercap agreed to pay $25 billion in cash and $6.7 billion in shares. GE gets $24 billion cash I believe towards their current $50 billion dollar GE Capital debt. This isn't the best news, but it shows that my boy Larry is on to something.
Details in photo!
