GE - General Electric Company

Industry: Diversified Machinery Sector: Industrial Goods Exchange: NYSE

GE - General Electric Company

Industry: Diversified Machinery Sector: Industrial Goods Exchange: NYSE
#2005()/7029

Tue 31'st Jul 2018

PERIOD 2018-05-02 - 2018-07-31
CHANGE 3.57%
PRICE $13.63
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

0.00%

General Electric Company Stock Analysis

Technical stock analysis for Tue 31'st Jul 2018

Buy candidate since 2018-07-31
Shorts 1.43% ( 2018-07-13 )
Cash 160 550.0 mill
Loans 136 392.0 mill
Beta 0.99
ROA -2.14

General Electric Company gained 3.57% in the last trading day, rising from $13.16 to $13.63, and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a -0.44% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 32.12 million more shares were traded than the day before. In total, 71.66 million shares bought and sold for approximately $976.76 million.

Trend

General Electric Company lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.06% during the next 3 months and, with 90% probability hold a price between $11.04 and $12.91 at the end of this period.

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Signals

Only positive signals in the chart today. General Electric Company holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $13.17 and $13.48. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 23, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 41 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

General Electric Company finds support from accumulated volume at $13.30.

Support: $13.30 Price: $13.63 Resistance: $13.74

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.49 (3.72%) between high and low. For the last week, the stock has had a daily average volatility of 1.98%.

Our recommended stoploss: $12.93 (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Buy Candidate

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