The Greedy Trader Weekly Analysis
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Archive
- 4/13/2018
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General Electric
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Summary:
Weekly :Broken trend support lineOversold sectorBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Broken trend resistance lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the General Electric (GE). During the week, the GE gained 0.45 points, or 3.45%, and closed at 13.51 on Friday, April 13, 2018. GE was trading at average weekly trading volume.

GE is a member of Conglomerates Sector. Conglomerates is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See GE long-term trend chart]
A long-term downtrend had started on December 20, 2016 at 32.38 and reached 12.73 on March 26, 2018. GE lost 19.65 points, or 60.69%, in 65 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (18.62) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See GE medium-term trend chart]
A medium-term downtrend had started on January 11, 2018 at 19.39 and reached 12.73 on March 26, 2018. GE lost 6.66 points, or 34.35%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (11.94) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See GE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 29, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See GE short-term trend chart]
A short-term downtrend had started on March 28, 2018 at 13.95 and reached 12.79 on April 4, 2018. GE lost 1.16 points, or 8.32%, in 7 days. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (12.86) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See GE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 9, 2018. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.71
Williams' Percentage Range (W%R) 59.80
Lane's Stochastic (%D-Slow) 35.62
Greed/Fear Indicator (GFI) 44.19
Moving Average Converg./Diverg. (MACD) -0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.21
Williams' Percentage Range (W%R) 89.80
Oversold
Lane's Stochastic (%D-Slow) 10.97
Oversold
Greed/Fear Indicator (GFI) 19.72
Oversold
Moving Average Converg./Diverg. (MACD) -2.47
Trading Signals
Description Value Chart
Upper Bollinger Band 14.25
50 Day Moving Average 14.18
Price 13.51
20 Day Moving Average 13.37
Daily Stochastic Crossing 13.18
Weekly Trendline Resistance 13.09
Weekly Stochastic Crossing 13.01
Parabolic System 12.91
Monthly Trendline Resistance 12.87
Weekly Trendline Support 12.86
Lower Bollinger Band 12.71
Monthly Trendline Support 11.94
Sector and Industry
Description Name Rank
Sector Conglomerates 1
Industry Conglomerates 53
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 12.82
Low Date 04/09/2018
High 13.68
High Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 13.09
Support 12.86
High 13.95
High Date 03/28/2018
Low 12.79
Low Date 04/04/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 12.87
Support 11.94
High 19.39
High Date 01/11/2018
Low 12.73
Low Date 03/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 20.03
Support 18.62
High 32.38
High Date 12/20/2016
Low 12.73
Low Date 03/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.00
High Date 07/20/2016
Low 12.73
Low Date 03/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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