The Greedy Trader Weekly Analysis
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General Electric
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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal linePrice is near the Fibonacci 61.8% retracement levelThe period of high 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 -0.31 points, or -1.70%, and closed at 17.88 on Friday, December 01, 2017. Weekly volume was 62% above average.

GE is a member of Conglomerates Sector. Conglomerates is the second 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 July 20, 2016 at 33.00 and reached 17.46 on November 14, 2017. GE lost 15.54 points, or 47.09%, in 68 weeks. Price is near the trend low.

Medium-term trend: [See GE medium-term trend chart]
A medium-term downtrend had started on December 20, 2016 at 32.38 and reached 17.46 on November 14, 2017. GE lost 14.92 points, or 46.08%, in 47 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (20.64) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 January 27, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 November 14, 2017 at 17.46 and reached 18.59 on November 30, 2017. GE gained -1.13 points, or -6.47%, in 16 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See GE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The distance between the Bollinger Bands is 157.00% higher then one year average. It indicates the period of high 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) 22.64
Williams' Percentage Range (W%R) 75.10
Lane's Stochastic (%D-Slow) 63.37
Greed/Fear Indicator (GFI) 36.98
Moving Average Converg./Diverg. (MACD) -1.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.24
Williams' Percentage Range (W%R) 91.40
Strong Oversold
Lane's Stochastic (%D-Slow) 7.79
Strong Oversold
Greed/Fear Indicator (GFI) 16.22
Oversold
Moving Average Converg./Diverg. (MACD) -1.79
Trading Signals
Description Value Chart
50 Day Moving Average 21.36
Upper Bollinger Band 20.87
Monthly Trendline Support 20.64
Parabolic System 19.25
20 Day Moving Average 18.80
Daily Stochastic Crossing 18.30
Weekly Stochastic Crossing 18.10
Price 17.88
Lower Bollinger Band 17.12
Sector and Industry
Description Name Rank
Sector Conglomerates 8
Industry Conglomerates 90
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 17.46
Low Date 11/14/2017
High 18.59
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.21
High Date 09/26/2017
Low 17.46
Low Date 11/14/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 26.38
Support 20.64
High 32.38
High Date 12/20/2016
Low 17.46
Low Date 11/14/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.00
High Date 07/20/2016
Low 17.46
Low Date 11/14/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 5.87
Low Date 03/04/2009
High 33.00
High Date 07/20/2016
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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