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Downtrend Broken Resist.Archive
- 1/17/2025 -
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General Electric (GE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the General Electric (GE). During the week, the GE gained 11.20 points, or 6.52%, and closed at 182.90 on Friday, January 17, 2025. It was the best weekly gain since November 8, 2024. Weekly volume was 14% above average.
 Long-term trend: [See GE long-term trend chart]
A long-term downtrend had started on October 17, 2024 at 194.80 and reached 159.60 on December 18, 2024. GE lost 35.20 points, or 18.07%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (151.38) 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 long-term trend.
 Medium-term trend: [See GE medium-term trend chart]
A medium-term uptrend had started on December 18, 2024 at 159.60 and reached 183.10 on January 17, 2025. GE gained -23.50 points, or -14.72%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (172.11) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 October 25, 2024. 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 January 13, 2025 at 169.00 and reached 183.10 on January 17, 2025. GE gained -14.10 points, or -8.34%, in 4 days. Price is near the trend high.
 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.
The daily MACD line is above its signal line since December 23, 2024. This is an indication that the short-term trend is up.
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.
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