The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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General Electric
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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic has declined below the signal line
Move cursor over the icon to see details.

It was the negative week for the General Electric (GE). During the week, the GE dropped -0.37 points, or -3.52%, and closed at 10.13 on Friday, May 10, 2019. Weekly volume was -41% below average.

Long-term trend: [See GE long-term trend chart]
A long-term downtrend had started on July 20, 2016 at 33.00 and reached 6.66 on December 11, 2018. GE lost 26.34 points, or 79.82%, in 124 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 2.50 and resistance is at 28.91. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See GE medium-term trend chart]
A medium-term downtrend had started on February 27, 2019 at 10.93 and reached 8.79 on April 15, 2019. GE lost 2.14 points, or 19.58%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (8.62) 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 technical indicators are neutral.

The weekly MACD line is above its signal line since January 11, 2019. 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 April 30, 2019 at 10.53 and reached 9.77 on May 10, 2019. GE lost 0.76 points, or 7.22%, in 10 days. The price is now at the 47.37% retracement level.

Daily Technical Indicators: [See GE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 April 25, 2019. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.95
Williams' Percentage Range (W%R) 29.30
Lane's Stochastic (%D-Slow) 67.65
Greed/Fear Indicator (GFI) 68.43
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.38
Williams' Percentage Range (W%R) 21.90
Lane's Stochastic (%D-Slow) 40.70
Greed/Fear Indicator (GFI) 56.50
Moving Average Converg./Diverg. (MACD) -0.46
Trading Signals
Description Value Chart
Upper Bollinger Band 10.91
Daily Stochastic Crossing 10.22
Price 10.13
50 Day Moving Average 9.81
Parabolic System 9.73
20 Day Moving Average 9.69
Weekly Stochastic Crossing 9.59
Monthly Trendline Resistance 8.94
Lower Bollinger Band 8.89
Monthly Trendline Support 8.62
Sector and Industry
Description Name Rank
Sector Conglomerates 6
Industry Conglomerates 83
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 10.53
High Date 04/30/2019
Low 9.77
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.79
Low Date 04/15/2019
High 10.53
High Date 04/30/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 8.94
Support 8.62
High 10.93
High Date 02/27/2019
Low 8.79
Low Date 04/15/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.66
Low Date 12/11/2018
High 10.93
High Date 02/27/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 28.91
Support 2.50
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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