Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>GE stock price is bearish, breaks key moving averages.</a></li>
 <li><span>2</span> <a>General Electric stock price is down by 6.31% this month amid profit booking.</a></li>
</ul>
<p>GE stock price halted near the value of $118.05, breaking below the key moving averages. General Electric stock dropped 2.92% this week and 6.31% this month, showcasing sellers’ presence in the stock.</p>
<p>The General Electric stock price at present requires substantial support from the buyers in order to make a recovery as it is facing major resistance from the previous resistance points and multiple moving average levels. Buyers are pulling the price action into their grasp according to the candlestick patterns.</p>
<p>General Electric stock has some pros and also has some risk factors involved with it.</p>
<p>Currently, General Electric stock is 30% below its estimated fair value and also became profitable this year. However, the stock also has some risk as significant insider selling has been seen in the past 3 months.</p>
<p>GE stock has a debt of $21.8 Billion and a debt-to-equity ratio of 67.3%. The company has a total assets of $163.0 Billion and liabilities of $130.6 Billion. The company has an EBIT of $6.5 Billion and a cash flow of $21.6 Billion.</p>
<p>At press time, General Electric stock was trading at $107.76 with an intraday minor loss of 0.95% breaking below the 100-day EMA, showing bearishness on the charts. Moreover, the intraday trading volume is 6.883 Million, and the average 10-day volume of 4.651 Million. The market cap of GE stock is $117.284 Billion.</p>
<h2 class="wp-block-heading" id="strong-what-s-the-next-move-of-ge-stock-price-strong"><strong>What’s the Next Move of GE Stock Price?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/kJNiV8y2iGWInHgnU_nqGG1vtXw94kA02iO2rkH6p04fBiV_X9HcQjgW-LevbW1CaPT7gq2m92haiYsYdk1ycZqANIuYHM7NBGDNtetwEIqTGdh-tZcbCjcEBGH9i4aC0kUWbunC94EMoZs4GNKIVVE" alt="GE Stock Investors Alert: Will GE Stock Price Break 200 EMA?">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/nqEfP7O3/" rel="noopener noreferrer nofollow">Tradingview</a>
  </figcaption>
 </figure>
</div>
<p><a href="https://www.thecoinrepublic.com/2023/09/28/ge-stock-forecast-will-price-nyse-ge-ascend-or-descend/" rel="noopener noreferrer nofollow">General Electric Stock</a> price presently trading below the 20, 50, and 100-day moving averages heading towards the 200-day moving average showcasing bearishness on the daily chart.</p>
<p>RSI is heading downwards, trading below the median line. The RSI curve at 36.16 and the 14 SMA curve at 47.78 showcase bearishness on the daily time frame chart.</p>
<p>MACD line is heading downward and a bearish cross between MACD line and signal line is noted on the chart. MACD line is at -1.01 points and signal line is at -0.6710 points indicate berishness on the daily chart.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>GE stock price witnessed heavy shorting as it broke the 20, 50, and 100-day EMAs showcasing bearishness on the daily chart. Key indicators like MACD, RSI, and EMAs are also indicating bearishness on the daily chart. The current scenario requires traders and investors to be patient and look for a clear break below or above the range before making any moves and avoid the fear of missing out to minimize losses.</p>
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3>
<p><strong>Support Levels</strong>: $104.50 and $98.84</p>
<p><strong>Resistance Levels</strong> $118.05 and $111.81</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

GE Stock Investors Alert: Will GE Stock Price Break 200 EMA?

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Thecoinrepublic.com

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