When the Price of (GE) Talks, People Listen
June 28, 2024, 21:22 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GE
- Buy GE slightly over 151.15 target 174.24 stop loss @ 150.71 Details
The technical summary data tells us to buy GE near 151.15 with an upside target of 174.24. This data also tells us to set a stop loss @ 150.71 to protect against excessive loss in case the stock begins to move against the trade. 151.15 is the first level of support below 158.97 , and by rule, any test of support is a buy signal. In this case, support 151.15 is being tested, a buy signal would exist.
- Short GE slightly under 174.24, target 151.15, stop loss @ 174.74 Details
The technical summary data is suggesting a short of GE as it gets near 174.24 with a downside target of 151.15. We should have a stop loss in place at 174.74though. 174.24 is the first level of resistance above 158.97, and by rule, any test of resistance is a short signal. In this case, if resistance 174.24 is being tested, a short signal would exist.
Swing Trading Plans for GE
- Buy GE slightly over 159.01, target 165.86, Stop Loss @ 158.55 Details
If 159.01 begins to break higher, the technical summary data tells us to buy GE just slightly over 159.01, with an upside target of 165.86. The data also tells us to set a stop loss @ 158.55 in case the stock turns against the trade. 159.01 is the first level of resistance above 158.97, and by rule, any break above resistance is a buy signal. In this case, 159.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GE slightly near 159.01, target 151.15, Stop Loss @ 159.47. Details
The technical summary data is suggesting a short of GE if it tests 159.01 with a downside target of 151.15. We should have a stop loss in place at 159.47 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 159.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for GE
- Buy GE slightly over 159.01, target 160.64, Stop Loss @ 158.64 Details
If 159.01 begins to break higher, the technical summary data tells us to buy GE just slightly over 159.01, with an upside target of 160.64. The data also tells us to set a stop loss @ 158.64 in case the stock turns against the trade. 159.01 is the first level of resistance above 158.97, and by rule, any break above resistance is a buy signal. In this case, 159.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GE slightly near 159.01, target 158.33, Stop Loss @ 159.38. Details
The technical summary data is suggesting a short of GE if it tests 159.01 with a downside target of 158.33. We should have a stop loss in place at 159.38 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 159.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for General Electric Company (GE) available here: GE.
GE Ratings for June 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
129.4 |
| P2 |
158.33 |
159.01 |
151.15 |
| P3 |
160.64 |
165.86 |
174.24 |
AI Generated Signals for GE
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of General Electric Company (NYSE: GE) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for GE can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GE:
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