GE stock forecast and price prediction

GE stock price: $11.33 -2.83% At close on Jan 15th, 2021

Updated on:
Jan 16th, 2021

1

GE forecast brief

  • General Electric closed on Friday at $11.33 after dropping a -2.83%.
  • The stock is configuring an uptrend pattern since September 2020, when it bottomed at $5.91. Up to date, price made a 91.71% gain since the beginning of this rally
  • General Electric Company operates as a high-tech industrial company in the United States, Europe, Asia, the Americas, the Middle East, and Africa.

General Electric stock price forecast

How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.

Along with buy or sell recommendations, brokerage institutions post their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and usually. Again, these forecasts are not direct recommendations for small traders and must not be trusted blindly.

We don't have any target price published in the previous month for General Electric.

Analysts recommendations

We don't have any rating published in the last month for General Electric

Earnings and financials

Last October, General Electric Company ($GE) posted adjusted EPS for that highly improved analysts' expectations. Quarterly EPS was $0.06 per share from an estimated $-0.04. This Q3 report represents an earnings surprise of 250.00%. Sales resulted of $19.4 billion compared to $18.7 billion estimated by market consensus.

For comparison, the EPS for the same quarter last year was $0.15, so reported EPS means a drop of -60.00%. Looking at revenue, figures collapsed a -16.88% compared to $233.6B same quarter 12 months ago.

GE ($GE) is posting quarterly financial report on January 27. Estimated for this quarter is $0.09, compared to $0.06 that was reported for Q3.

General Electric stock: buy or sell?

Is General Electric good stock to buy now?

General Electric had no ratings in the last 4 weeks Read the article to get additional tips on trading GE stock.

In the current situation of General Electric there is not any eligible buy setup. This doesn't mean we expect a selloff for $GE in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Is it time to sell General Electric stock?

Currently, General Electric stock doesn't match any of our preferred sell setups, so if you hold General Electric shares and your operation is in profit probably is not time to sell now

General Electric stock price action predictions

Since in September 2020, General Electric has been printing an uptrend that so far marked an amazing 91.71%. During this uptrend, the price offered some buy points on the breakouts. Latest pullback was in mid-December, when price bounced at $10.36. Currently, it swings in a consolidation between its last top ($11.91) and its last bottom ($10.36)

SMAs overview

GE stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $11.36 (0.26% above)
  • R2: $11.48 (1.32% above)
  • R3: $11.68 (3.09% above)
  • The current support levels are:

  • S1: $11.32 (-0.09% below)
  • S2: $11.30 (-0.26% below)
  • S3: $11.29 (-0.35% below)
  • Bollinger bands

    Since the price surpassed the upper band last Tuesday, the price sliced by 4.87%

    GE stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for just one day (weak signal). The RSI value on Friday was 58.09

    GE stock RSI chart

    General Electric stock price history

    General Electric started trading priced at an adjusted price1 of $0.13 on Jan 1962. Since then, GE stock has risen by 8,615.38%, with an average of 146.02% per year. If you had invested $1,000USD in General Electric stock at that time, it would be valued $87,153.85 today.

    1: Adjusted price after possible price splits or reverse-splits

    GE stock price history chart

    Please read:
    The comments written in this post are personal and not recommendations for you to buy or sell stocks. The author of this report does not know the particular situations of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for informational reasons only

    GE summary

    Friday, January 15th, 2021
    Open$11.6
    Close$11.33
    Day range$11.25 - $11.6
    Previous close$11.66
    Session gain-2.83%
    Average true range$0.45
    50d mov avg$10.36
    100d mov avg$8.49
    200d mov avg$7.59
    Earnings dateJanuary 27th, 2021

    Frequently asked questions

    What is General Electric stock symbol?

    General Electric Company is a public company trading in the US stock market with the GE symbol

    Will GE go up?

    There were no predictions posted by analysts in the last 4 weeks for General Electric.