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GE Stock Chart

General Electric’s Stock (GE) Consolidates

General Electric received a slight boost after it announced later this week it will appoint Dybeck Happe CFO.   It has been a tough few years for GE investors as the stock has lost 80% of its value since its 2000s high.  In stocks of General Electric, there is a correctional decline from the 52-week high of November 25, which was previously renewed amid the publication of a strong quarterly report. The growth of the issuer’s quotes since the end of August exceeded 76%. The company entered into a 20-year contract to supply 139 wind turbines to Innergex. In addition, a contract with The Emirates Airline for the supply of 30 engines for Boeing with a total value of $8.8 billion is planned.

Over the past week, General Electric shares fell 0.88%. The S&P 500 index for the same period increased by 1.46%.

GE Stock Support and Resistance

The company’s shares stabilized after a long rally. #GE quotes are currently consolidating. There is no unidirectional trend observed. Local levels of support and resistance are the levels of 11.15 and 11.75, respectively. In the near future, technical correction of the trading instrument is not ruled out. The signals of the indicators differ: the price fixed above MA (50) and MA (200); MACD shows a negative trend. It is better to open the positions from the key levels. A comparative analysis of company multipliers and industry competitor companies indicates #GE neutrality.

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Resistance levels: 11.75, 12.30.
Support levels: 11.15, 10.70, 10.00.

Pivots
Pivot Classic Fibonacci Camarilla Woodie DM
S3 5.27 7.40 9.39 6.89 —
S2 7.40 8.21 9.59 7.56 —
S1 8.69 8.72 9.78 9.02 9.11
P 9.53 9.53 9.53 9.69 9.74
R1 10.82 10.34 10.18 11.15 11.24
R2 11.66 10.85 10.37 11.82 —
R3 13.79 11.66 10.57 13.28 —

Trading Ideas

Long positions may be opened after the price consolidates above the level of 11.75. The closing of the profitable positions is possible at the levels of 12.25, 12.75 and 13.00. Stop loss – 11.25.Short positions may be opened after the price consolidates below the level of 11.15 with the targets at 10.20–9.80. Stop loss – 11.65.  Implementation period: 3 days.

GE Stock Recommendations

Sep-05-19 Initiated Morgan Stanley Equal-Weight $10
Jul-15-19 Downgrade UBS Buy → Neutral $13 → $11.50
Apr-08-19 Downgrade JP Morgan Neutral → Underweight $6 → $5
Feb-01-19 Downgrade Vertical Research Buy → Hold
Jan-31-19 Upgrade Argus Hold → Buy
Dec-19-18 Upgrade Vertical Research Hold → Buy
Dec-13-18 Upgrade JP Morgan Underweight → Neutral $6
Nov-30-18 Reiterated Deutsche Bank Hold $11 → $7
Nov-12-18 Reiterated Credit Suisse Neutral $12 → $10
Nov-09-18 Reiterated JP Morgan Underweight $10 → $6
Oct-31-18 Upgrade UBS Neutral → Buy
Oct-31-18 Reiterated Barclays Overweight $16 → $13
Oct-12-18 Initiated Gordon Haskett Sell
Oct-12-18 Initiated Credit Suisse Neutral
Oct-09-18 Reiterated Citigroup Neutral $21 → $19
Oct-02-18 Upgrade RBC Capital Mkts Sector Perform → Outperform
Jul-24-18 Reiterated JP Morgan Underweight
Jul-23-18 Downgrade Argus Buy → Hold
May-14-18 Initiated Gabelli & Co Buy $22.50
Apr-03-18 Reiterated Stifel Hold $15 → $13

GE Stock 1 Day Moving Averages
Exponential Moving Average (5) 11.40 Sell
Simple Moving Average (5) 11.46 Sell
Exponential Moving Average (10) 11.36 Sell
Simple Moving Average (10) 11.44 Sell
Exponential Moving Average (20) 11.04 Buy
Simple Moving Average (20) 11.23 Buy
Exponential Moving Average (30) 10.71 Buy
Simple Moving Average (30) 10.53 Buy
Exponential Moving Average (50) 10.28 Buy
Simple Moving Average (50) 9.85 Buy
Exponential Moving Average (100) 9.90 Buy
Simple Moving Average (100) 9.60 Buy
Exponential Moving Average (200) 9.96 Buy
Simple Moving Average (200) 9.77 Buy
Ichimoku Cloud Base Line (9, 26, 52, 26) 10.36 Neutral
Volume Weighted Moving Average (20) 11.14 Buy
Hull Moving Average (9) 11.43 Sell

GE Stock 1  Oscillators
Relative Strength Index (14) 63.28 Neutral
Stochastic %K (14, 3, 3) 43.78 Neutral
Commodity Channel Index (20) 14.07 Neutral
Average Directional Index (14) 48.33 Neutral
Awesome Oscillator 1.23 Neutral
Momentum (10) 0.00 Sell
MACD Level (12, 26) 0.48 Sell
Stochastic RSI Fast (3, 3, 14, 14) 7.42 Neutral
Williams Percent Range (14) −78.57 Neutral
Bull Bear Power 0.16 Neutral
Ultimate Oscillator (7, 14, 28) 46.22 Neutral

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