The Hourly View for General Electric
- At the time of this writing, GE’s price is down $-0.14 (-0.18%) from the hour prior.
- The hourly chart shows that General Electric has seen 3 straight down hours.
- If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
- Price action traders may also wish to note that we see a doji candlestick pattern on General Electric. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
- The moving averages on the hourly 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.
General Electric’s Hourly price chart is shown below.
The Daily View for General Electric
- Currently, GE’s price is down $-0.23 (-0.29%) from the day prior.
- This move is a reversal from the day prior, which saw price move up.
- Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
- 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.
- Divergence between GE’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in GE’s price.
Below is a daily price chart of General Electric.
Featured General Electric Commentary From Twitter
OHIO: Ohio GE Lighting plant closure with hundreds of job cuts makes American-made light bulbs nearly extinct. Nation’s largest union for GE workers: “We hold GE responsible.” 200+ layoffs: https://t.co/tYDi2jJWMsNA
— amlivemon
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