GE AEROSPACE - Daily - Technical analysis published on 05/22/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
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:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 101.00 USD
My targets
111.37 USD (+6.69%)
122.95 USD (+17.78%)
My analysis
The bullish trend is currently very strong on GENERAL ELECTRIC CO.. As long as the price remains above the support at 101.00 USD, you could try to benefit from the boom. The first bullish objective is located at 111.37 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 122.95 USD as an objective. Crossing it would then enable buyers to target 144.58 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.6
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Additional analysis
Quotes
The GENERAL ELECTRIC CO. price is 104.39 USD. On the day, this instrument gained +0.13% with the lowest point at 104.10 USD and the highest point at 105.94 USD. The deviation from the price is +0.28% for the low point and -1.46% for the high point.104.10
105.94
104.39
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GENERAL ELECTRIC CO.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GENERAL ELECTRIC CO. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 84.69 | 88.80 | 101.00 | 104.39 | 122.95 | 144.58 | 179.90 |
| Change (%) | -18.87% | -14.93% | -3.25% | - | +17.78% | +38.50% | +72.33% |
| Change | -19.70 | -15.59 | -3.39 | - | +18.56 | +40.19 | +75.51 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.53 | 102.69 | 103.47 | 104.63 | 105.41 | 106.57 | 107.35 |
| Camarilla | 103.73 | 103.90 | 104.08 | 104.26 | 104.44 | 104.62 | 104.79 |
| Woodie | 101.35 | 102.60 | 103.29 | 104.54 | 105.23 | 106.48 | 107.17 |
| Fibonacci | 102.69 | 103.43 | 103.89 | 104.63 | 105.37 | 105.83 | 106.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 93.50 | 96.26 | 100.26 | 103.02 | 107.02 | 109.78 | 113.78 |
| Camarilla | 102.40 | 103.02 | 103.64 | 104.26 | 104.88 | 105.50 | 106.12 |
| Woodie | 94.12 | 96.57 | 100.88 | 103.33 | 107.64 | 110.09 | 114.40 |
| Fibonacci | 96.26 | 98.84 | 100.44 | 103.02 | 105.60 | 107.20 | 109.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.75 | 89.61 | 94.29 | 98.15 | 102.83 | 106.69 | 111.37 |
| Camarilla | 96.62 | 97.40 | 98.19 | 98.97 | 99.75 | 100.54 | 101.32 |
| Woodie | 86.16 | 89.82 | 94.70 | 98.36 | 103.24 | 106.90 | 111.78 |
| Fibonacci | 89.61 | 92.87 | 94.89 | 98.15 | 101.41 | 103.43 | 106.69 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 67.39 | |
| MACD (12,26,9): | 2.0600 | |
| Directional Movement: | 13.54 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 103.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 98.55 | |
| Elder Ray (13): | 3.08 | |
| Super Trend (3,10): | 98.60 | |
| Zig ZAG (10): | 104.54 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 86.93 | |
| TEMA (21): | 103.60 | |
| Williams %R (14): | -17.23 | |
| Chande Momentum Oscillator (20): | 5.15 | |
| Repulse (5,40,3): | 0.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 6.00 |
| MA7: | 102.59 | |
| MA20: | 100.75 | |
| MA50: | 96.75 | |
| MA100: | 88.49 | |
| MAexp7: | 103.00 | |
| MAexp20: | 100.91 | |
| MAexp50: | 96.40 | |
| MAexp100: | 89.07 | |
| Price / MA7: | +1.75% | |
| Price / MA20: | +3.61% | |
| Price / MA50: | +7.90% | |
| Price / MA100: | +17.97% | |
| Price / MAexp7: | +1.35% | |
| Price / MAexp20: | +3.45% | |
| Price / MAexp50: | +8.29% | |
| Price / MAexp100: | +17.20% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on GENERAL ELECTRIC CO. at the time of the generation of this analysis 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.
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