The Greedy Trader Weekly Analysis
Sign In Jul 20, 2018
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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General Electric
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Summary:
Weekly :Oversold sector
Daily :Price is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a third positive week after 5 consecutive negative weeks for the General Electric (GE). During the week, the GE climbed 0.04 points, or 0.29%, and closed at 13.89 on Friday, July 13, 2018. Weekly volume was -26% below average.

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 July 20, 2016 at 33.00 and reached 12.61 on June 21, 2018. GE lost 20.39 points, or 61.79%, in 100 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 12.04 and resistance is at 30.11. 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 June 21, 2018 at 12.61 and reached 14.44 on June 27, 2018. GE gained -1.83 points, or -14.51%, in 0 weeks. The price is now at the 30.05% 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 March 29, 2018. 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 July 11, 2018 at 14.29 and reached 13.88 on July 13, 2018. GE lost 0.41 points, or 2.87%, in 2 days. Price is near the trend low.

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

The daily MACD line is above its signal line since June 26, 2018.

Price is close to the 50 Day Moving Average. 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) 63.21
Williams' Percentage Range (W%R) 25.70
Lane's Stochastic (%D-Slow) 73.14
Greed/Fear Indicator (GFI) 70.22
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.48
Williams' Percentage Range (W%R) 54.40
Lane's Stochastic (%D-Slow) 29.41
Greed/Fear Indicator (GFI) 42.00
Moving Average Converg./Diverg. (MACD) -1.52
Trading Signals
Description Value Chart
Upper Bollinger Band 14.63
50 Day Moving Average 13.99
Daily Stochastic Crossing 13.98
Price 13.89
Parabolic System 13.51
20 Day Moving Average 13.50
Weekly Stochastic Crossing 13.43
Lower Bollinger Band 12.85
Yearly Trendline Support 12.04
Sector and Industry
Description Name Rank
Sector Conglomerates 1
Industry Conglomerates 50
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 14.29
High Date 07/11/2018
Low 13.88
Low Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 14.29
High Date 07/11/2018
Low 13.88
Low Date 07/13/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 14.29
High Date 07/11/2018
Low 13.88
Low Date 07/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.61
Low Date 06/21/2018
High 14.44
High Date 06/27/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 30.11
Support 12.04
High 33.00
High Date 07/20/2016
Low 12.61
Low Date 06/21/2018
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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