GE AEROSPACE - 1H - Technical analysis published on 07/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
6%
17%
My opinion
Bullish above 62.67 USD
My targets
66.97 USD (+4.18%)
68.45 USD (+6.49%)
My analysis
The current short-term bullish acceleration on GENERAL ELECTRIC CO. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 62.67 USD. Short-term buyers will use the resistance located at 66.97 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 68.45 USD. Crossing this resistance would then open the door for buyers to target 72.32 USD. Caution, if there is a return to under 62.67 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GENERAL ELECTRIC CO. rating 64.28 USD. On the day, this instrument gained +3.83% with the lowest point at 61.00 USD and the highest point at 64.36 USD. The deviation from the price is +5.38% for the low point and -0.12% for the high point.61.00
64.36
64.28
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GENERAL ELECTRIC CO. chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 56.33 | 59.93 | 62.67 | 64.28 | 64.44 | 68.45 | 72.32 |
| Change (%) | -12.37% | -6.77% | -2.50% | - | +0.25% | +6.49% | +12.51% |
| Change | -7.95 | -4.35 | -1.61 | - | +0.16 | +4.17 | +8.04 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.15 | 60.78 | 61.35 | 61.98 | 62.55 | 63.18 | 63.75 |
| Camarilla | 61.58 | 61.69 | 61.80 | 61.91 | 62.02 | 62.13 | 62.24 |
| Woodie | 60.11 | 60.77 | 61.31 | 61.97 | 62.51 | 63.17 | 63.71 |
| Fibonacci | 60.78 | 61.24 | 61.53 | 61.98 | 62.44 | 62.73 | 63.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.21 | 58.07 | 60.66 | 62.52 | 65.11 | 66.97 | 69.56 |
| Camarilla | 62.03 | 62.43 | 62.84 | 63.25 | 63.66 | 64.07 | 64.47 |
| Woodie | 56.58 | 58.25 | 61.03 | 62.70 | 65.48 | 67.15 | 69.93 |
| Fibonacci | 58.07 | 59.77 | 60.82 | 62.52 | 64.22 | 65.27 | 66.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.57 | 50.66 | 57.17 | 68.26 | 74.77 | 85.86 | 92.37 |
| Camarilla | 58.83 | 60.44 | 62.06 | 63.67 | 65.28 | 66.90 | 68.51 |
| Woodie | 37.27 | 49.52 | 54.87 | 67.12 | 72.47 | 84.72 | 90.07 |
| Fibonacci | 50.66 | 57.39 | 61.54 | 68.26 | 74.99 | 79.14 | 85.86 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.87 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 13.03 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 62.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.00 | |
| Elder Ray (13): | 1.27 | |
| Super Trend (3,10): | 61.80 | |
| Zig ZAG (10): | 64.19 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 79.42 | |
| TEMA (21): | 63.16 | |
| Williams %R (14): | -6.27 | |
| Chande Momentum Oscillator (20): | 0.64 | |
| Repulse (5,40,3): | 3.7800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.29 |
| MA7: | 62.78 | |
| MA20: | 64.81 | |
| MA50: | 71.45 | |
| MA100: | 81.48 | |
| MAexp7: | 63.09 | |
| MAexp20: | 62.72 | |
| MAexp50: | 62.97 | |
| MAexp100: | 64.34 | |
| Price / MA7: | +2.39% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | -10.03% | |
| Price / MA100: | -21.11% | |
| Price / MAexp7: | +1.89% | |
| Price / MAexp20: | +2.49% | |
| Price / MAexp50: | +2.08% | |
| Price / MAexp100: | -0.09% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on GENERAL ELECTRIC CO.. At the time of publication of this analysis, the latest news was as follows:
- DGAP-News: General Electric Company: Doc re. GE files Form 8-K
- DGAP-News: General Electric Company: Dividend Declaration
- DGAP-News: GE files 424B5
- DGAP-News: GE files Form 8-K
- DGAP-News: General Electric Company: GE Files Form 10-Q
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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