GE stock forecast and price prediction
Updated on:
Apr 22nd, 2021
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GE forecast brief
- General Electric stock climbed 2.22% to close at $13.35 on the stock market on Wednesday.
- General Electric Company operates as a high-tech industrial company worldwide.
General Electric stock price forecast
Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.
The following table shows the price target published by brokerage institutions for the last 30 days. If you are a small trader you don't have to buy or sell based on these projections.
There is just one price target issued for General Electric that forecasts a price of $17.00.
| Brokerage firm | Price target |
|---|---|
| Apr 9th, 2021 | |
| UBS Group | $15.00 → $17.00 |
Analysts recommendations
In the last month, just one analyst rating was published for General Electric
| Brokerage firm | Rating |
|---|---|
| Apr 9th, 2021 | |
| UBS Group | |
Earnings and financials
General Electric ($GE) had the shareholders event and released the report last January. GE underperformed Wall St estimates and presented of $0.08, that is a -11.11% less than the previous predictions of $0.09. However, reported revenues of $21.9 billion were in line with consensus estimates.
Same quarter last year, reported EPS was $0.21, so recently posted EPS is a loss of -61.90%. Looking at revenues, figures collapsed a -16.42% compared to $262.4B same quarter 12 months ago.GE ($GE) will host the Q1 earnings call next Wednesday. Expected for this quarter is $0.01, compared to $0.08 that was reported for Q4.
General Electric stock: buy or sell?
Is $GE stock a buy?
General Electric had one rating in the last four weeks Read the article to get additional tips on trading GE stock.Currently, General Electric stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $GE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell General Electric?
In the current situation of General Electric there is not any eligible sell setup, so General Electric stock holders with operations in profit can keep their positions
General Electric stock price action predictions
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 52.26. Since then, General Electric stock sank a 4.64%
General Electric stock price history
General Electric went public on Jan 2nd, 1962 priced at $0.13 per share1. Since then, GE stock has risen by 10,169.23%, with an average of 172.36% per year. An investment of $1,000USD on Jan 1962 would be valued $102,692.31 today.
1: Adjusted price after possible price splits or reverse-splits
Important note:
The viewpoints given in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the particular scenarios 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 Viewpoints are posted for learning reasons onlyGE summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $12.93 |
| Close | $13.35 |
| Day range | $12.77 - $13.38 |
| Previous close | $13.06 |
| Session gain | 2.22% |
| Average true range | $0.34 |
| 50d mov avg | $12.95 |
| 100d mov avg | $11.96 |
| 200d mov avg | $9.48 |
| Earnings date | April 28th, 2021 |