GE AEROSPACE - Daily - Technical analysis published on 06/10/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 146.4 EUR
My targets
154.6 EUR (+2.05%)
160.8 EUR (+6.14%)
My analysis
GE AEROSPACE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 146.4 EUR. The next resistance located at 154.6 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 160.8 EUR. After this resistance, buyers could then target 191.5 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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Additional analysis
Quotes
GE AEROSPACE rating 151.5 EUR. On the day, this instrument gained +1.68% and was between 149.5 EUR and 151.5 EUR. This implies that the price is at +1.34% from its lowest and at 0% from its highest.149.5
151.5
151.5
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GE AEROSPACE chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
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 | 126.4 | 132.5 | 146.4 | 151.5 | 154.6 | 160.8 | 191.5 |
| Change (%) | -16.57% | -12.54% | -3.37% | - | +2.05% | +6.14% | +26.40% |
| Change | -25.1 | -19.0 | -5.1 | - | +3.1 | +9.3 | +40.0 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.8 | 144.7 | 146.8 | 148.7 | 150.8 | 152.7 | 154.8 |
| Camarilla | 147.9 | 148.3 | 148.6 | 149.0 | 149.4 | 149.7 | 150.1 |
| Woodie | 143.0 | 144.8 | 147.0 | 148.8 | 151.0 | 152.8 | 155.0 |
| Fibonacci | 144.7 | 146.2 | 147.1 | 148.7 | 150.2 | 151.1 | 152.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 138.5 | 142.0 | 145.5 | 149.0 | 152.5 | 156.0 | 159.5 |
| Camarilla | 147.1 | 147.7 | 148.4 | 149.0 | 149.6 | 150.3 | 150.9 |
| Woodie | 138.5 | 142.0 | 145.5 | 149.0 | 152.5 | 156.0 | 159.5 |
| Fibonacci | 142.0 | 144.7 | 146.3 | 149.0 | 151.7 | 153.3 | 156.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.3 | 136.7 | 144.3 | 151.7 | 159.3 | 166.7 | 174.3 |
| Camarilla | 147.9 | 149.3 | 150.6 | 152.0 | 153.4 | 154.8 | 156.1 |
| Woodie | 129.5 | 136.8 | 144.5 | 151.8 | 159.5 | 166.8 | 174.5 |
| Fibonacci | 136.7 | 142.4 | 145.9 | 151.7 | 157.4 | 160.9 | 166.7 |
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): | 53.20 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -0.6 | |
| AROON (14): | 28.6 | |
| DEMA (21): | 150.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 156.6 | |
| Elder Ray (13): | 0.6 | |
| Super Trend (3,10): | 144.3 | |
| Zig ZAG (10): | 151.5 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 36.30 | |
| TEMA (21): | 149.2 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.5 | |
| Repulse (5,40,3): | 1.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 149.0 | |
| MA20: | 149.9 | |
| MA50: | 148.7 | |
| MA100: | 143.8 | |
| MAexp7: | 149.6 | |
| MAexp20: | 150.1 | |
| MAexp50: | 148.7 | |
| MAexp100: | 142.3 | |
| Price / MA7: | +1.68% | |
| Price / MA20: | +1.07% | |
| Price / MA50: | +1.88% | |
| Price / MA100: | +5.35% | |
| Price / MAexp7: | +1.27% | |
| Price / MAexp20: | +0.93% | |
| Price / MAexp50: | +1.88% | |
| Price / MAexp100: | +6.47% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on GE AEROSPACE. At the time of publication of this analysis, the latest news was as follows:
- GE Healthcare in collaboration with Nex Cubed select six digital health start-ups for inaugural Edison Accelerator in Canada
- GE Digital Safety Solution Selected by Avelo Airlines to Drive Efficiency Outcomes Across Growing Fleet
- GE Digital’s ADMS Software Powers A More Resilient Electric Distribution Grid
- SAUDIA Airlines Contracts with GE Digital for Digital Asset Records Management
- GE Digital Joins With Airbus and Delta TechOps in Digital Alliance for Fleet Health Monitoring and Diagnostics Solutions
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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