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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 in upward trend: price may ascend as a result of having broken its lower Bollinger Band on June 13, 2024

GE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 29 cases where GE's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 59 cases where GE's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 17, 2024. You may want to consider a long position or call options on GE as a result. In of 87 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 June 17, 2024 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 323 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for GE turned negative on May 13, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for GE crossed bearishly below the 50-day moving average on June 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 87%.

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 69, placing this stock better than average.

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 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 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 slightly 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 (6.050) is normal, around the industry mean (7.987). P/E Ratio (43.413) is within average values for comparable stocks, (44.267). Projected Growth (PEG Ratio) (2.039) is also within normal values, averaging (1.946). Dividend Yield (0.003) settles around the average of (0.016) among similar stocks. P/S Ratio (2.612) is also within normal values, averaging (4.583).

Notable companies

The most notable companies in this group are GE Aerospace (NYSE:GE), Lockheed Martin Corp (NYSE:LMT), Boeing Company (NYSE:BA), Northrop Grumman Corp (NYSE:NOC), Spirit Aerosystems Holdings (NYSE:SPR), Virgin Galactic Holdings (NYSE:SPCE).

Industry description

Aerospace & Defense is one of largest industries in the U.S., mainly comprising the following areas: commercial airliners, military aircraft, missiles, space, and general aviation. Focused heavily on research & development, it is also one of the fastest growing industries. Military aircraft has the largest market share in the industry’s sales, followed by space systems, civil aircraft, and missiles. Aerospace exports, directly and indirectly, support more jobs than the export of any other commodity, according to a study by the U.S. Department of Commerce. Boeing Company, Lockheed Martin Corporation and General Electric Company are some of the most prominent players in this space.

Market Cap

The average market capitalization across the Aerospace & Defense Industry is 13.02B. The market cap for tickers in the group ranges from 1.66K to 180.58B. GE holds the highest valuation in this group at 180.58B. The lowest valued company is ASDN at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Aerospace & Defense Industry was -3%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 32%. BLIS experienced the highest price growth at 32%, while KWE experienced the biggest fall at -49%.

Volume

The average weekly volume growth across all stocks in the Aerospace & Defense Industry was -82%. For the same stocks of the Industry, the average monthly volume growth was 24% and the average quarterly volume growth was -15%

Fundamental Analysis Ratings

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

Valuation Rating: 47
P/E Growth Rating: 55
Price Growth Rating: 54
SMR Rating: 81
Profit Risk Rating: 69
Seasonality Score: -10 (-100 ... +100)
Related Portfolios: MANAGEMENT SERVICES
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A.I.Advisor
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A.I. Advisor
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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

Profile
Fundamentals
Details
Industry
Industrial Conglomerates
Address
One Financial Center
Phone
+1 617 443-3000
Employees
125000
Web
https://www.geaerospace.com
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