GE Expected to Continue Uptrend, Grow 2% Next Week
General Electric Company (GE) has been making waves in the stock market recently, with its winning streak extending for a consecutive week. Predicts that GE will continue to climb by 2% to $100.78 or more within the next week.
This is great news for investors who are looking for a strong stock to add to their portfolio. The odds of an Uptrend continuation are 71%, which means that the stock is likely to keep climbing.
As a financial analyst and trader, I can see that GE has a lot of potential for growth. The company has been making strategic moves to reposition itself in the market, and this is reflected in its recent performance.
GE has a diversified business portfolio that includes aviation, healthcare, renewable energy, and power. The company has been focusing on its strengths and divesting non-core assets to streamline its operations.
Furthermore, GE's management has been focusing on improving its financial position by reducing its debt and increasing its cash flow. This has helped to restore investor confidence in the company.
GE in upward trend: 10-day moving average moved above 50-day moving average on January 17, 2025
The 10-day moving average for GE crossed bullishly above the 50-day moving average on January 17, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 14, 2025. You may want to consider a long position or call options on GE as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
GE moved above its 50-day moving average on January 14, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GE advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 341 cases where GE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GE broke above its upper Bollinger Band on January 23, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.390) is normal, around the industry mean (8.975). P/E Ratio (33.698) is within average values for comparable stocks, (60.394). GE's Projected Growth (PEG Ratio) (16.455) is very high in comparison to the industry average of (2.739). Dividend Yield (0.005) settles around the average of (0.016) among similar stocks. P/S Ratio (5.800) is also within normal values, averaging (7.730).
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General Information
a manufacturer of products for the generation, transmission, distribution, control and utilization of electricity; manufactures aircraft engines and medical equipment
Industry AerospaceDefense