Resistance

Rise

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>GE stock price corrected 8% (approx.) after hitting the 52-week high.</a> </li> 
 <li> <span>2</span> <a>General Electric Co. stock price (NYSE: GE) drops below the 50-day EMA.</a> </li> 
 <li> <span>3</span> <a>General Electric Co. is expected to release earnings on October 24, 2023.</a> </li> 
</ul> 
<p>General Electric Co., GE stock price is in a short-term correction phase and declining by forming lower lows. It fell approximately 8% after hitting the 52-week high and showed initial signs of a bearish trend reversal.&nbsp;</p> 
<p>General Electric’s stock price dropped below the 50-day EMA which triggered negative sentiment and invited further decline. However, $108.00 is acting as immediate support for bulls and buyers are trying their best to rebound.&nbsp;</p> 
<p>In the last two months, GE’s stock price consolidated in the range of $108.00 to $118.00. Buyers tried thrice to break the higher range hurdle to hit new highs. But sellers are active due to this the breakout didn’t happen and prices reverted down.&nbsp;</p> 
<p>At present, the stock price is crucial support and buyers seem to be trying to halt the downfall. In the high time frame, the price structure of the GE stock is highly bullish.&nbsp;</p> 
<p>The GE share price is up by 65% on a year-to-date basis. It has rallied a lot in 2023 so the bullish momentum has halted and prices got stuck into a wide range of consolidation.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/10/04/ge-stock-investors-alert-will-ge-stock-price-break-200-ema/" target="_blank" rel="noreferrer noopener">General Electric’s </a>stock price closed the previous session at $110.02 with an intraday rise of 0.81%.</p> 
<h2 class="wp-block-heading" id="strong-volatility-in-ge-stock-price-may-rise-ahead-of-earnings-strong"><strong>Volatility in GE Stock Price May Rise Ahead of Earnings?</strong></h2> 
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  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-525.png" alt="GE Stock: Will General Electric Stock Hit $120 After Earnings?" class="wp-image-176655" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-525.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-525-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-525-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-525-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-525-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-525-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-525-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
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   NYSE: GE daily chart by<a href="https://www.tradingview.com/x/9Ez3emsE/"> TradingView</a>
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 </figure>
</div> 
<p>GE stock price lacked direction and did not show any signs of range expansion or range breakdown. Buyers and sellers both are active in the respective boundaries and keep the price inside the range.&nbsp;</p> 
<p>General Electric Company is expected to release its quarterly earnings on October 24, 2023.&nbsp;</p> 
<p>Prominent equity analysts estimated an EPS of 0.561 and revenue of $15.511 Billion. By analyzing the historical records of earnings. It is expected that the company will beat the estimates. Therefore, the GE <a href="https://www.thecoinrepublic.com/2023/10/04/ge-stock-investors-alert-will-ge-stock-price-break-200-ema/" target="_blank" rel="noreferrer noopener">stock price </a>may rise after earnings.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-will-general-electric-stock-price-consolidate-more-strong"><strong>Will General Electric Stock Price Consolidate More?</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_061da"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "NYSE:GE",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
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</div>  
<p>General Electric stock price forms a Doji candle on the monthly time frame chart. It indicates indecisiveness. The next direction in the GE stock price will be visible after the release of quarterly earnings.&nbsp;</p> 
<p>The technical indicators like&nbsp; MACD and RSI both are sloping sideways denoting the consolidation might continue. The supertrend says till GE’s share price is trading below $114.00 the short-term trend will remain downward.&nbsp;</p> 
<p>However, the price action analysis shows till the price holds $102.00 the probability of bounce back remains high.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>General Electric Co. GE stock price witnessed minor profit booking after hitting the 52-week high.&nbsp;</p> 
<p>At present, the stock price is stuck in the narrow range of consolidation and investors are waiting for quarterly earnings. The analysis suggests that General Electric Co.’s stock price may rise after earnings.</p> 
<h4 class="wp-block-heading"><strong>Technical levels</strong></h4> 
<ul> 
 <li>Resistance levels: $115.00 and $118.53</li> 
 <li>Support levels: $102.86 and $95.89</li> 
</ul> 
<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 purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

GE Stock: Will General Electric Stock Hit $120 After Earnings?

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