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Sarah Patel's Avatar
published in Blogs
Apr 13, 2023

General Electric (GE, $94.1) Shows Monthly Bullish Trend, Indicating Potential Uptrend Continuation.

The rise of AI in the stock market has brought about new possibilities for traders and investors to make informed decisions. For GE, Tickeron's Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA) bot has been one of the best performers in their robot factory. This particular bot is accessible through their website, and traders can use it to gain insights into potential trading opportunities. The bot leverages AI and technical analysis to provide recommendations for buying and selling GE stock.

General Electric Company (GE) has been in the spotlight for its recent growth potential. A.I.dvisor, a leading artificial intelligence-based stock analysis tool, has predicted that GE will grow by 4% to $97.86 or more within the next month. Based on similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are estimated to be 89%.

However, it is important to note that the stock has been in a downward trend lately. On March 31, 2023, GE broke above its upper Bollinger Band, which is often seen as a signal for a drop in stock prices. This could mean that the stock is set to drop as it moves back below the upper band and toward the middle band. In this situation, investors may want to consider selling the stock or exploring put options to mitigate potential losses.

According to A.I.dvisor's analysis of 34 similar instances where the stock broke above the upper band, 25 of the 34 cases resulted in a decline in the stock's price. This puts the odds of success at 74%, indicating that there is a significant chance of the stock's price falling.

Despite the current trend, GE has shown strong potential for growth. Its recent bullish trend is a positive sign for investors looking to take advantage of the potential uptrend continuation. However, investors and traders should be cautious and evaluate all available information before making any investment decisions regarding GE.

In conclusion, while GE's recent bullish trend is promising, investors and traders should remain vigilant and carefully evaluate all available information, including technical indicators such as the Bollinger Bands, before making any investment decisions. A.I.dvisor's analysis can provide valuable insights that can be used to inform investment decisions, but it is important to consider all factors that may impact the stock's performance in the coming days and weeks.


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Related Ticker: GE

GE's Stochastic Oscillator is remaining in overbought zone for 1 day

Expect a price pull-back in the near future.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

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 May 17, 2023. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 06, 2023. You may want to consider a long position or call options on GE as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GE just turned positive on June 06, 2023. Looking at past instances where GE's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GE advanced for three days, in of 293 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 270 cases where GE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

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 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 77, placing this stock better than average.

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 (3.628) is normal, around the industry mean (7.753). P/E Ratio (14.556) is within average values for comparable stocks, (44.762). GE's Projected Growth (PEG Ratio) (3.341) is slightly higher than the industry average of (2.132). GE has a moderately low Dividend Yield (0.003) as compared to the industry average of (0.021). P/S Ratio (1.474) is also within normal values, averaging (11.755).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.

Notable companies

The most notable companies in this group are General Electric Company (NYSE:GE), Illinois Tool Works (NYSE:ITW), Ingersoll Rand (NYSE:IR), Generac Holdings (NYSE:GNRC).

Industry description

The industry makes and maintains machines for consumers, the industry, and most other companies. While it has traditionally been categorized as heavy industry, some smaller companies are also branching into the light category. The industry is pivotal in providing the equipment for production in businesses like agriculture, mining, industry and construction, gas, electricity and water utilities. It also supplies supporting equipment for almost all sectors of the economy, such as equipment for heating, and air conditioning of buildings. Illinois Tool Works Inc., Parker-Hannifin Corporation and Rockwell Automation Inc are some of the major U.S. companies operating in this industry.

Market Cap

The average market capitalization across the Industrial Machinery Industry is 7.59B. The market cap for tickers in the group ranges from 1.55K to 134.39B. SMAWF holds the highest valuation in this group at 134.39B. The lowest valued company is XEBEF at 1.55K.

High and low price notable news

The average weekly price growth across all stocks in the Industrial Machinery Industry was 2%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 11%. QWTR experienced the highest price growth at 60%, while YEWTF experienced the biggest fall at -85%.

Volume

The average weekly volume growth across all stocks in the Industrial Machinery Industry was 5%. For the same stocks of the Industry, the average monthly volume growth was 44% and the average quarterly volume growth was 56%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 55
P/E Growth Rating: 61
Price Growth Rating: 49
SMR Rating: 65
Profit Risk Rating: 76
Seasonality Score: 0 (-100 ... +100)
Related Portfolios: MANAGEMENT SERVICES
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of products for the generation, transmission, distribution, control and utilization of electricity; manufactures aircraft engines and medical equipment

Industry IndustrialMachinery

Profile
Fundamentals
Details
Industry
Industrial Conglomerates
Address
5 Necco Street
Phone
+1 617 443-3000
Employees
172000
Web
https://www.ge.com
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GE and

Correlation & Price change

A.I.dvisor indicates that over the last year, GE has been loosely correlated with OTIS. These tickers have moved in lockstep 48% of the time. This A.I.-generated data suggests there is some statistical probability that if GE jumps, then OTIS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GE
1D Price
Change %
GE100%
+1.31%
OTIS - GE
48%
Loosely correlated
+1.17%
CR - GE
46%
Loosely correlated
+3.85%
PSN - GE
44%
Loosely correlated
+1.11%
KMT - GE
39%
Loosely correlated
+3.92%
ENOV - GE
37%
Loosely correlated
+0.07%
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