The Greedy Trader Weekly Analysis
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General Electric
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Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal linePrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the General Electric (GE). During the week, the GE dropped -0.17 points, or -1.21%, and closed at 13.93 on Friday, June 08, 2018. GE was trading at average weekly trading volume.

Long-term trend: [See GE long-term trend chart]
A long-term downtrend had started on July 20, 2016 at 33.00 and reached 12.73 on March 26, 2018. GE lost 20.27 points, or 61.42%, in 87 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 10.42 and resistance is at 30.25. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See GE medium-term trend chart]
A medium-term uptrend had started on March 26, 2018 at 12.73 and reached 15.59 on May 22, 2018. GE gained -2.86 points, or -22.47%, in 8 weeks. The price is now at the 58.04% retracement level.

Weekly Technical Indicators: [See GE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 29, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend 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 June 5, 2018 at 13.52 and reached 14.07 on June 8, 2018. GE gained -0.55 points, or -4.07%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See GE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 daily MACD line is below its signal line since May 22, 2018.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.62
Williams' Percentage Range (W%R) 87.40
Oversold
Lane's Stochastic (%D-Slow) 18.35
Oversold
Greed/Fear Indicator (GFI) 21.84
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.71
Williams' Percentage Range (W%R) 78.90
Lane's Stochastic (%D-Slow) 62.06
Greed/Fear Indicator (GFI) 43.97
Moving Average Converg./Diverg. (MACD) -1.88
Trading Signals
Description Value Chart
Upper Bollinger Band 15.21
Weekly Stochastic Crossing 14.69
20 Day Moving Average 14.42
Parabolic System 14.41
50 Day Moving Average 14.05
Price 13.93
Daily Stochastic Crossing 13.68
Lower Bollinger Band 13.15
Sector and Industry
Description Name Rank
Sector Conglomerates 4
Industry Conglomerates 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 13.52
Low Date 06/05/2018
High 14.07
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 15.59
High Date 05/22/2018
Low 13.52
Low Date 06/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.73
Low Date 03/26/2018
High 15.59
High Date 05/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.38
High Date 12/20/2016
Low 12.73
Low Date 03/26/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 30.25
Support 10.42
High 33.00
High Date 07/20/2016
Low 12.73
Low Date 03/26/2018
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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