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Downtrend Broken Resist.Archive
- 5/29/2026 -
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General Electric (GE) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the General Electric (GE). During the week, the GE gained 20.92 points, or 6.91%, and closed at 323.76 on Friday, May 29, 2026. Weekly volume was 12% above average.
 Long-term trend: [See GE long-term trend chart]
A long-term uptrend had started on January 3, 2023 at 65.21 and reached 348.48 on February 25, 2026. GE gained -283.27 points, or -434.40%, in 164 weeks. The price is now at the 8.73% retracement level.
 Medium-term trend: [See GE medium-term trend chart]
A medium-term downtrend had started on February 25, 2026 at 348.48 and reached 268.91 on April 22, 2026. GE lost 79.57 points, or 22.83%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (265.86) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GE may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral.
The weekly MACD line is below its signal line since March 6, 2026. This is an indication that the medium-term trend is down. 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 May 15, 2026 at 281.31 and reached 325.92 on May 29, 2026. GE gained -44.61 points, or -15.86%, in 14 days. Price is near the trend high.
 Daily Technical Indicators: [See GE daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily 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 daily MACD line is above its signal line since May 19, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
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