Million

Resistance

Yield

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>GE stock showed continuous profitability and surged over 8% in the past three months.&nbsp;</a> </li> 
 <li> <span>2</span> <a>RSI shows a bearish divergence and may head toward the seller region showing a negative outlook.</a> </li> 
 <li> <span>3</span> <a>In the past three trading sessions, GE stock trading volume was majorly dominated by sellers.&nbsp;&nbsp;</a> </li> 
</ul> 
<p>GE stock prices have followed an impressive momentum since the beginning of 2023 and surged over 72.61%. General Electric Co. stock has added $3.25 to its trading price in the weekly trading range.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-ge-stock-breaking-all-resistance-levels-is-there-something-left-strong"><strong>GE Stock Breaking all Resistance Levels, Is There Something Left?&nbsp; </strong>&nbsp;&nbsp;</h2> 
<p>The annual price target of GE stock is 128.61 which is around 12.37% greater than its press time trading price. General Electric Co. has a market capitalization of $124.567 Billion which makes it the 103th most valuable company.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/w2blmV09y3uT7VOKhs-t0xyYd0kdmvyzXtC6S88g53sAeq_bMZ8MVeiOPjNDRADqeuljVcmO3Z7jYlJL2jmSi9qXHKd6dLSL_gSI0WAZGFbwB-WVMOUodogAAmHRqnenN4ks8l44pRjaGtdy-nxd8s0" alt="General Electric Co. : Sellers Distress as GE Stock to Break $115"> 
  <figcaption class="wp-element-caption">
    Source: GE stock monthly price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>RSI shows a bearish divergence and may head toward the seller region showing a negative outlook. MACD persists in forming red bars showing a bearish crossover and indicates seller control on the charts.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/zmLi5OYOUxyhAitOXqfXjA7dVRyt74JWc4aHGqrBlGswWtiPcVAbpYvDJNw0v96gZfJ7pF92k8VrYfNN2IH84tsxVYLRcQxBXjCTZ2rjSlRKnd6HhJcvQ4D052dckkA002Ir_96yQXW8OPeCwQfFdb0" alt="General Electric Co. : Sellers Distress as GE Stock to Break $115"> 
  <figcaption class="wp-element-caption">
    Source: GE stock weekly price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>Since the past three trading sessions, GE stock trading volume reflected the majority of sellers compared to buyers. If buyers succeed in bypassing sellers in the coming session then there are possibilities that <a href="https://www.thecoinrepublic.com/2023/07/31/ge-stock-price-prediction-will-results-lead-to-profit-booking/" rel="noopener noreferrer nofollow">General Electric stock</a> might fall and face immediate resistance of $115.06 and next resistance of $115.49.&nbsp;&nbsp;&nbsp;&nbsp;</p> 
<p>General Electric Co. engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment.</p> 
<p>If sellers remain active and aggressive then possibilities arise that GE stock might fall and face immediate support of $114.09 and $113.86. At the time of publication, General Electric share prices were trading above 20, 50, 100, and 200-day exponential moving averages.&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-the-financial-update-of-general-electric-co-strong"><strong>The Financial Update of General Electric Co.</strong></h3> 
<p>General Electric Company, (NYSE: GE), an American multinational conglomerate, has a market cap of $124.576 Billion. According to its recent Q2 2023 report, its net income is $31.00 Million while GE’s price-to-sales ratio is 1.80198.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/07/31/ge-stock-price-prediction-will-results-lead-to-profit-booking/" rel="noopener noreferrer nofollow">General Electric Co. </a>dividends are paid quarterly. The last dividend per share was $0.08 and as of today, the Dividend Yield (TTM)% is 0.28%. The earnings per share (EPS) for Q2 2023 is $0.68 whereas the estimation was $0.46 which accounts for a 46.97% surprise.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p><strong>Major Support: </strong>$114.09 and $113.86</p> 
<p><strong>Major Resistance: </strong>&nbsp;$115.06 and $115.49<strong>&nbsp;&nbsp;</strong></p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>Since the beginning of 2023, General Electric Co. stock has shown a surging momentum and in all trading formats, it has been profitable. A decline pattern is mirrored in the last three trading sessions in which sellers’ dominance was more compared to buyers. Market analysts believe that RSI shows a bearish divergence and may head toward the seller region showing a negative outlook. &nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

General Electric Co. : Sellers Distress as GE Stock to Break $115

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Thecoinrepublic.com

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