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General Electric (GE) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the General Electric (GE). During the week, the GE dropped -1.52 points, or -1.46%, and closed at 102.74 on Friday, May 26, 2023. Weekly volume was -31% below average.
GE is a member of Industrials Sector. Industrials 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 January 18, 2022 at 103.73 and reached 59.93 on July 5, 2022. GE lost 43.80 points, or 42.23%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (100.84). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
Medium-term trend: [See GE medium-term trend chart]
A medium-term uptrend had started on July 5, 2022 at 59.93 and reached 105.94 on May 22, 2023. GE gained -46.01 points, or -76.77%, in 45 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (100.84). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See GE weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 29, 2022. 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 May 22, 2023 at 105.94 and reached 99.91 on May 24, 2023. GE lost 6.03 points, or 5.69%, in 2 days. The price is now at the 46.93% retracement level.
 Daily Technical Indicators: [See GE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The distance between the Bollinger Bands is falling, and it was 6.27% on Friday. It is 59.88% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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