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Daily %D-Slow Divergence:Bullish
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 3/15/2024 -
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General Electric (GE) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtRelative Strength Index and Lane's Stochastic are strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARBullish Piercing Line Candlestick
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It was a tenth consecutive positive week for the General Electric (GE). During the week, the GE climbed 0.93 points, or 0.55%, and closed at 168.89 on Friday, March 15, 2024. Weekly volume was 34% above average.

GE is a member of Industrials Sector. Industrials 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 uptrend had started on July 5, 2022 at 59.93 and reached 175.81 on March 8, 2024. GE gained -115.88 points, or -193.36%, in 87 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (77.63) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See GE medium-term trend chart]
A medium-term uptrend had started on October 20, 2023 at 105.53 and reached 175.81 on March 8, 2024. GE gained -70.28 points, or -66.60%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (139.63) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See GE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Relative Strength Index and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Relative Strength Index 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 March 11, 2024 at 162.98 and reached 171.05 on March 13, 2024. GE gained -8.07 points, or -4.95%, in 2 days. The price is now at the 26.77% retracement level.

Daily Technical Indicators: [See GE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since January 29, 2024. 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.

Candlestick pattern: [See GE candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.34
Williams' Percentage Range (W%R) 36.10
Lane's Stochastic (%D-Slow) 61.03
Greed/Fear Indicator (GFI) 65.76
Moving Average Converg./Diverg. (MACD) 7.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 97.37
Strong Overbought
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 94.00
Strong Overbought
Greed/Fear Indicator (GFI) 84.88
Overbought
Moving Average Converg./Diverg. (MACD) 8.86
Trading Signals
Description Value Chart
Parabolic System 175.99
Upper Bollinger Band 173.07
Weekly Stochastic Crossing 172.28
Daily Stochastic Crossing 169.19
Price 168.89
20 Day Moving Average 159.22
Monthly Trendline Resistance 146.84
Lower Bollinger Band 144.78
50 Day Moving Average 143.71
Yearly Trendline Resistance 143.16
Monthly Trendline Support 139.63
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Industrial Conglomerates 49
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 162.98
Low Date 03/11/2024
High 171.05
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 123.65
Low Date 01/03/2024
High 175.81
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 146.84
Support 139.63
Low 105.53
Low Date 10/20/2023
High 175.81
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.21
Low Date 01/03/2023
High 175.81
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 143.16
Support 77.63
Low 59.93
Low Date 07/05/2022
High 175.81
High Date 03/08/2024
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.