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Downtrend Broken Resist.Archive
- 7/19/2024 -
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General Electric (GE) Technical Analysis
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| Summary:
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| | It was a first positive week for the General Electric (GE). During the week, the GE climbed 0.19 points, or 0.12%, and closed at 159.13 on Friday, July 19, 2024. GE was trading at average weekly trading volume.
 Long-term trend: [See GE long-term trend chart]
A long-term uptrend had started on July 5, 2022 at 59.93 and reached 180.36 on March 27, 2024. GE gained -120.43 points, or -200.95%, in 90 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 147.06 and resistance is at 174.76. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See GE medium-term trend chart]
A medium-term uptrend had started on June 14, 2024 at 153.21 and reached 167.50 on June 17, 2024. GE gained -14.29 points, or -9.33%, in 0 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (159.74) 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 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 April 19, 2024. 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 10, 2024 at 165.99 and reached 156.42 on July 18, 2024. GE lost 9.57 points, or 5.77%, in 8 days. The price is now at the 28.32% retracement level.
Daily Technical Indicators: [See GE daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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