The Greedy Trader Weekly Analysis
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Archive
- 2/1/2019
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General Electric
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Summary:
Weekly :Trend resistance at 10.91
Daily :Lane's Stochastic and MACD bearish divergencePrice has crossed below the 50 Day Moving AverageThe price is above the upper Bollinger Band
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It was a eighth positive week after 7 consecutive negative weeks for the General Electric (GE). During the week, the GE gained 1.03 points, or 11.24%, and closed at 10.19 on Friday, February 1, 2019. It was the best weekly gain since October 5, 2018. Weekly volume was 79% above average.

Long-term trend: [See GE long-term trend chart]
A long-term downtrend had started on December 20, 2016 at 32.38 and reached 6.66 on December 11, 2018. GE lost 25.72 points, or 79.43%, in 103 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (10.91). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See GE medium-term trend chart]
A medium-term uptrend had started on December 11, 2018 at 6.66 and reached 10.77 on January 31, 2019. GE gained -4.11 points, or -61.71%, in 7 weeks. The price is now at the 14.11% retracement level.

Weekly Technical Indicators: [See GE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since January 11, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See GE short-term trend chart]
A short-term uptrend had started on January 22, 2019 at 8.56 and reached 10.77 on January 31, 2019. GE gained -2.21 points, or -25.82%, in 9 days. The price is now at the 26.24% retracement level.

Daily Technical Indicators: [See GE daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 27, 2018. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.84
Williams' Percentage Range (W%R) 20.40
Lane's Stochastic (%D-Slow) 64.81
Bearish
Greed/Fear Indicator (GFI) 71.41
Moving Average Converg./Diverg. (MACD) 0.31 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.57
Williams' Percentage Range (W%R) 50.30
Lane's Stochastic (%D-Slow) 67.02
Greed/Fear Indicator (GFI) 56.65
Moving Average Converg./Diverg. (MACD) -1.53
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 10.91
Price 10.19
Daily Stochastic Crossing 10.07
Weekly Stochastic Crossing 9.91
Upper Bollinger Band 9.84
20 Day Moving Average 8.97
Parabolic System 8.73
50 Day Moving Average 8.04
Lower Bollinger Band 8.00
Sector and Industry
Description Name Rank
Sector Conglomerates 4
Industry Conglomerates 87
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 8.56
Low Date 01/22/2019
High 10.77
High Date 01/31/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.56
Low Date 01/22/2019
High 10.77
High Date 01/31/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.66
Low Date 12/11/2018
High 10.77
High Date 01/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 10.91
Support 1.91
High 32.38
High Date 12/20/2016
Low 6.66
Low Date 12/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.00
High Date 07/20/2016
Low 6.66
Low Date 12/11/2018
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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