The Greedy Trader Weekly Analysis
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General Electric
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe 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 1.89 points, or 16.74%, and closed at 13.18 on Friday, October 05, 2018. Weekly volume was 104% above average.

GE is a member of Conglomerates Sector. Conglomerates is the most overbought 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 11.21 on September 26, 2018. GE lost 21.17 points, or 65.38%, in 92 weeks. The price is now at the 9.31% retracement level.

Medium-term trend: [See GE medium-term trend chart]
A medium-term downtrend had started on May 22, 2018 at 15.59 and reached 11.21 on September 26, 2018. GE lost 4.38 points, or 28.09%, in 18 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (11.31) 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 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 uptrend had started on September 26, 2018 at 11.21 and reached 13.30 on October 5, 2018. GE gained -2.09 points, or -18.64%, in 9 days. The price is now at the 5.74% 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 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

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.

During the last week, the price 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) 55.69
Williams' Percentage Range (W%R) 20.10
Lane's Stochastic (%D-Slow) 69.50
Greed/Fear Indicator (GFI) 68.36
Moving Average Converg./Diverg. (MACD) -0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.82
Williams' Percentage Range (W%R) 61.90
Lane's Stochastic (%D-Slow) 31.13
Greed/Fear Indicator (GFI) 38.47
Moving Average Converg./Diverg. (MACD) -1.04
Trading Signals
Description Value Chart
Upper Bollinger Band 13.41
Price 13.18
Daily Stochastic Crossing 12.78
50 Day Moving Average 12.57
Monthly Trendline Resistance 12.56
20 Day Moving Average 12.28
Weekly Stochastic Crossing 11.87
Parabolic System 11.39
Monthly Trendline Support 11.31
Lower Bollinger Band 11.24
Sector and Industry
Description Name Rank
Sector Conglomerates 10
Industry Conglomerates 132
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 11.21
Low Date 09/26/2018
High 13.30
High Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 12.99
High Date 09/19/2018
Low 11.21
Low Date 09/26/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 12.56
Support 11.31
High 15.59
High Date 05/22/2018
Low 11.21
Low Date 09/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.38
High Date 12/20/2016
Low 11.21
Low Date 09/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.00
High Date 07/20/2016
Low 11.21
Low Date 09/26/2018
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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