General Electric Technical Analysis – General Electric Trading: 2022-03-10

 General Electric Technical Analysis – General Electric Trading: 2022-03-10

General Electric Technical Analysis.

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General Electric Technical Analysis Summary

 Buy Stop։ Above 97.31

Stop Loss: Below 85.24

IndicatorSignal
RSINeutral
MACDBuy
MA(200)Buy
FractalsNeutral
Parabolic SARSell
Donchian ChannelNeutral

 

General Electric Chart Analysis

General Electric Technical Analysis

The technical analysis of the GE stock price chart on daily timeframe shows #S-GE, Daily has resumed climbing above the 200-day moving average MA(200) which is rising itself. We believe the bullish momentum will resume after the price breaches above the upper boundary of Donchian channel at 97.31. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower boundary of Donchian channel at 85.24. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (85.24) without reaching the order (97.31), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks – General Electric

GE stock reversed its retreating after the company announced it was suspending operations in Russia. Will the GE stock price continue advancing?

The General Electric Company is an American industrial company which manufactures and sells gas and steam turbines, commercial and military engines and electric power and mechanical systems for aircraft, as well as renewable energy production solutions and healthcare technologies. Its market capitalization is $100.3 billion. The stock is trading at Forward P/E ratio of 27.86 currently while the industry’s average Forward P/E is about 17.25. GE’s revenue for the twelve months (Trailing Twelve Months) was $74.2 billion, it achieved a Return on Assets (ttm) of 0.74% and a Return on Equity (ttm) of -8.63%. GE on Tuesday said it was suspending operations in Russia, continuing to provide only essential medical equipment and support to existing power services in the region. Several US and international companies have announced about exiting Russia’s market after the start of Russia’s war against Ukraine. While Russia is not a major market for many of these businesses expectations of revenue decline are bearish for a company’s stock price. However GE’s stock closed up 3.2% on day after the company’s announcement about suspension of operations in Russia.

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