The Greedy Trader Weekly Analysis
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General Electric
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Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the General Electric (GE). During the week, the GE dropped -0.54 points, or -4.17%, and closed at 12.40 on Friday, September 07, 2018. It was the worst weekly loss since July 20, 2018. Weekly volume was -37% below average.

GE is a member of Conglomerates Sector. Conglomerates is the most overbought 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 11.94 on August 15, 2018. GE lost 20.44 points, or 63.13%, in 86 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 11.94 on August 15, 2018. GE lost 3.65 points, or 23.41%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (11.66) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See GE weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 29, 2018. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See GE short-term trend chart]
A short-term uptrend had started on August 15, 2018 at 11.94 and reached 12.98 on August 29, 2018. GE gained -1.04 points, or -8.71%, in 14 days. The price is now at the 55.77% retracement level.

Daily Technical Indicators: [See GE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since August 23, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 6.77% on Friday. It is 50.93% lower than one year average. It indicates the period of low volatility of the stock price. 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) 52.50
Williams' Percentage Range (W%R) 56.70
Lane's Stochastic (%D-Slow) 48.53
Greed/Fear Indicator (GFI) 48.10
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.37
Williams' Percentage Range (W%R) 87.70
Oversold
Lane's Stochastic (%D-Slow) 23.08
Greed/Fear Indicator (GFI) 26.01
Moving Average Converg./Diverg. (MACD) -1.14
Trading Signals
Description Value Chart
Upper Bollinger Band 13.13
50 Day Moving Average 13.10
Parabolic System 12.96
20 Day Moving Average 12.56
Daily Stochastic Crossing 12.52
Weekly Stochastic Crossing 12.42
Price 12.40
Lower Bollinger Band 12.27
Monthly Trendline Resistance 12.14
Monthly Trendline Support 11.66
Sector and Industry
Description Name Rank
Sector Conglomerates 9
Industry Conglomerates 113
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 12.98
High Date 08/29/2018
Low 12.24
Low Date 09/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.94
Low Date 08/15/2018
High 12.98
High Date 08/29/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 12.14
Support 11.66
High 15.59
High Date 05/22/2018
Low 11.94
Low Date 08/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.38
High Date 12/20/2016
Low 11.94
Low Date 08/15/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.00
High Date 07/20/2016
Low 11.94
Low Date 08/15/2018
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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