The Daily View for General Electric
- At the time of this writing, GE’s price is down $0 (0%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved up.
- If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
- Price action traders may also wish to note that we see a pin bar candlestick pattern on General Electric. Given that we see an uptrend on the 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
- The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
General Electric’s hourly price chart is shown below.
The Daily View for General Electric
- At the time of this writing, GE’s price is up $0.31 (2.31%) from the day prior.
- This move is a reversal from the day prior, which saw price move down.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
- The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Below is a daily price chart of General Electric.
Featured General Electric Commentary From Twitter
What’s the Millennial equivalent of the Boomer who owned GE stock and watched CNBC in 1999, then bought a boat, country club membership, and a McMansion in 2005?NA
— conorsen
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