The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 4/10/2026 -
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General Electric (GE) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 6 consecutive negative weeks for the General Electric (GE). During the week, the GE gained 27.19 points, or 9.67%, and closed at 308.35 on Friday, April 10, 2026. It was the best weekly gain since February 20, 2026. GE was trading at average weekly trading volume.

Long-term trend: [See GE long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 159.40 and reached 348.48 on February 25, 2026. GE gained -189.08 points, or -118.62%, in 46 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (336.26) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See GE medium-term trend chart]
A medium-term downtrend had started on February 25, 2026 at 348.48 and reached 270.79 on March 30, 2026. GE lost 77.69 points, or 22.29%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (244.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GE may retest the broken resistance line. It is considered to be a support line now. 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 below its signal line since March 6, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 March 30, 2026 at 270.79 and reached 315.05 on April 9, 2026. GE gained -44.26 points, or -16.34%, in 10 days. The price is now at the 15.14% retracement level.

Daily Technical Indicators: [See GE daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.51
Williams' Percentage Range (W%R) 4.50
Strong Overbought
Lane's Stochastic (%D-Slow) 80.03
Overbought
Greed/Fear Indicator (GFI) 78.69
Moving Average Converg./Diverg. (MACD) -7.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.66
Williams' Percentage Range (W%R) 45.60
Lane's Stochastic (%D-Slow) 26.82
Greed/Fear Indicator (GFI) 42.86
Moving Average Converg./Diverg. (MACD) 11.34
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 360.65
Quarterly Trendline Support 336.26
Upper Bollinger Band 319.62
50 Day Moving Average 312.00
Daily Stochastic Crossing 308.58
Price 308.35
20 Day Moving Average 293.48
Weekly Stochastic Crossing 286.66
Parabolic System 285.20
Monthly Trendline Resistance 282.78
Lower Bollinger Band 279.14
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Industrial Conglomerates 51
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 278.57
Low Date 04/06/2026
High 315.05
High Date 04/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 270.79
Low Date 03/30/2026
High 315.05
High Date 04/09/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 282.78
Support 244.28
High 348.48
High Date 02/25/2026
Low 270.79
Low Date 03/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 360.65
Support 336.26
Low 159.40
Low Date 04/07/2025
High 348.48
High Date 02/25/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.21
Low Date 01/03/2023
High 348.48
High Date 02/25/2026
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.