The Greedy Trader Weekly Analysis
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Number of records: 13
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General Electric
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Summary:
Weekly :Oversold sectorBroken trend support line - Downtrend exhaustionWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range is oversold
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It was the negative week for the General Electric (GE). During the week, the GE dropped -0.49 points, or -6.53%, and closed at 7.01 on Friday, December 07, 2018. Weekly volume was 46% above average.

GE is a member of Conglomerates Sector. Conglomerates is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See GE long-term trend chart]
A long-term downtrend had started on December 20, 2016 at 32.38 and reached 6.99 on December 7, 2018. GE lost 25.39 points, or 78.41%, in 102 weeks. Price is near the trend low.

Medium-term trend: [See GE medium-term trend chart]
A medium-term downtrend had started on May 22, 2018 at 15.59 and reached 6.99 on December 7, 2018. GE lost 8.60 points, or 55.16%, in 28 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (9.57) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See GE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 26, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See GE short-term trend chart]
A short-term downtrend had started on December 3, 2018 at 7.95 and reached 6.99 on December 7, 2018. GE lost 0.96 points, or 12.08%, in 4 days. Price is near the trend low.

Daily Technical Indicators: [See GE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

The daily MACD line is above its signal line since November 27, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.21
Williams' Percentage Range (W%R) 86.80
Oversold
Lane's Stochastic (%D-Slow) 25.41
Greed/Fear Indicator (GFI) 23.60
Moving Average Converg./Diverg. (MACD) -0.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.42
Williams' Percentage Range (W%R) 95.50
Strong Oversold
Lane's Stochastic (%D-Slow) 4.86
Strong Oversold
Greed/Fear Indicator (GFI) 14.15
Oversold
Moving Average Converg./Diverg. (MACD) -1.25
Trading Signals
Description Value Chart
50 Day Moving Average 10.17
Upper Bollinger Band 9.12
Parabolic System 7.91
20 Day Moving Average 7.87
Weekly Stochastic Crossing 7.31
Daily Stochastic Crossing 7.25
Lower Bollinger Band 7.16
Price 7.01
Sector and Industry
Description Name Rank
Sector Conglomerates 2
Industry Conglomerates 76
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7.95
High Date 12/03/2018
Low 6.99
Low Date 12/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 13.78
High Date 10/09/2018
Low 6.99
Low Date 12/07/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 11.91
Support 9.57
High 15.59
High Date 05/22/2018
Low 6.99
Low Date 12/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.38
High Date 12/20/2016
Low 6.99
Low Date 12/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.00
High Date 07/20/2016
Low 6.99
Low Date 12/07/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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