GE
AS OF
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Capitalization
97.68B
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GE Trading results, last 6 months
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GE
Stock ticker:
NYSE
AS OF
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Capitalization
97.68B

GE General Electric Company Forecast, Technical & Fundamental Analysis

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

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GE Trading results, last 6 months
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12:00 AM EDT Mar 23, 2023

Aroon Indicator for GE shows an upward move is likely

GE's Aroon Indicator triggered a bullish signal on March 20, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 236 similar instances where the Aroon Indicator showed a similar pattern. In 168 of the 236 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 71%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 22, 2023. You may want to consider a long position or call options on GE as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 284 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for GE moved out of overbought territory on March 15, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 54 cases where GE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for GE turned negative on March 20, 2023. 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 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 March 09, 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.

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 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 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 78, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 (2.746) is normal, around the industry mean (4.937). P/E Ratio (172.414) is within average values for comparable stocks, (52.900). GE's Projected Growth (PEG Ratio) (3.009) is slightly higher than the industry average of (1.944). GE has a moderately low Dividend Yield (0.004) as compared to the industry average of (0.022). P/S Ratio (1.311) is also within normal values, averaging (10.900).

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published Highlights

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 7.01B. The market cap for tickers in the group ranges from 1.55K to 115.95B. SMAWF holds the highest valuation in this group at 115.95B. 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 0%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was 10%. DSTRF experienced the highest price growth at 45%, while AKMYF experienced the biggest fall at -40%.

Volume

The average weekly volume growth across all stocks in the Industrial Machinery Industry was -30%. For the same stocks of the Industry, the average monthly volume growth was -12% and the average quarterly volume growth was -16%

Fundamental Analysis Ratings

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

Valuation Rating: 53
P/E Growth Rating: 61
Price Growth Rating: 50
SMR Rating: 66
Profit Risk Rating: 77
Seasonality Score: -4 (-100 ... +100)
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published Earnings

GE is expected to report earnings to fall 89.62% to 12 cents per share on April 27

General Electric Company GE Stock Earnings Reports
Q1'23
Est.
$0.13
Q4'22
Beat
by $0.09
Q3'22
Missed
by $0.12
Q2'22
Beat
by $0.41
Q1'22
Beat
by $0.06
The last earnings report on January 24 showed earnings per share of $1.24, beating the estimate of $1.15. With 8.60M shares outstanding, the current market capitalization sits at 97.68B.
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published Dividends

GE is expected to pay dividends on April 25, 2023

General Electric Company GE Stock Dividends
A dividend of $0.08 per share will be paid with a record date of April 25, 2023, and an ex-dividend date of March 06, 2023. The last dividend of $0.13 was paid on January 25. Read more...
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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 PSN. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if GE jumps, then PSN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GE
1D Price
Change %
GE100%
+2.23%
PSN - GE
44%
Loosely correlated
+1.64%
KMT - GE
40%
Loosely correlated
+0.08%
SNA - GE
37%
Loosely correlated
+0.04%
OTIS - GE
37%
Loosely correlated
-0.45%
PH - GE
37%
Loosely correlated
-0.53%
More

Groups containing GE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GE
1D Price
Change %
GE100%
+2.23%
wind
(undefined stocks)
66%
Loosely correlated
-0.57%
industrial conglomerate
(undefined stocks)
50%
Loosely correlated
-0.41%
appliances
(undefined stocks)
48%
Loosely correlated
-0.90%
3d printing
(undefined stocks)
46%
Loosely correlated
+0.64%
industrial
(undefined stocks)
44%
Loosely correlated
+0.20%
More