The Greedy Trader Weekly Analysis
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Number of records: 10
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General Electric
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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement level
Daily :The price has risen above the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the General Electric (GE). During the week, the GE dropped -0.13 points, or -1.28%, and closed at 10.00 on Friday, May 17, 2019. Weekly volume was -40% 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 2.30 and resistance is at 28.89. 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 uptrend had started on December 11, 2018 at 6.66 and reached 10.93 on February 27, 2019. GE gained -4.27 points, or -64.11%, in 11 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 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 30.26% retracement level.

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 25, 2019. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 55.21
Williams' Percentage Range (W%R) 33.50
Lane's Stochastic (%D-Slow) 48.65
Greed/Fear Indicator (GFI) 56.77
Moving Average Converg./Diverg. (MACD) 0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.07
Williams' Percentage Range (W%R) 22.10
Lane's Stochastic (%D-Slow) 52.22
Greed/Fear Indicator (GFI) 59.89
Moving Average Converg./Diverg. (MACD) -0.41
Trading Signals
Description Value Chart
Upper Bollinger Band 10.77
Daily Stochastic Crossing 10.13
Parabolic System 10.00
Price 10.00
20 Day Moving Average 9.94
Weekly Stochastic Crossing 9.87
50 Day Moving Average 9.84
Lower Bollinger Band 9.19
Sector and Industry
Description Name Rank
Sector Conglomerates 5
Industry Conglomerates 83
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 10.39
High Date 05/15/2019
Low 9.98
Low Date 05/17/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 10.53
High Date 04/30/2019
Low 9.77
Low Date 05/10/2019
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
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 28.89
Support 2.30
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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