Analysis and Outlook Report on General Electric (GE) Daily Stock Trends.



Executive Summary:

Over the past four days, General Electric's daily stock prices entered a bullish zone, indicating a sustained upward trend. However, as of November 13th, signs of weakening buying intensity suggest a potential shift towards a correction trend. We anticipate this correction phase to unfold over the next 2-3 days. Subsequently, there is a forecasted return to an upward trajectory, likely in the latter part of this week.

Market Analysis:

The current market conditions exhibit approximately 70% similarity to the broader U.S. market trends. This implies a significant correlation between General Electric's daily stock movements and those of the overall market. It is crucial to note that the predicted trend for GE daily stock prices may evolve based on shifts in the broader market, especially during correction periods.

Short-Term Outlook:

Given the observed correlation, the fluctuation in GE's daily stock prices is susceptible to changes based on the overall market's correction trends. Consequently, it is advisable for investors to closely monitor market dynamics and adapt their strategies within the projected trend range.

Conclusion:

In conclusion, our analysis suggests that General Electric's daily stock prices are currently navigating a potential correction phase after a recent bullish trend. The anticipated correction is expected to last 2-3 days, followed by a resumption of the upward trajectory later in the week. The observed correlation with the broader market underscores the importance of considering market trends when interpreting and responding to GE's daily stock movements.

Nov 13, 2023

Closed price

115.52

0.22%

 

 

Appropriate Investment Position: Bullish-Buy [Long-term strategy]

Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a stronger LOW-price Finally, the CLOSE-price closed with a weaker upward rate than the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

Today's buy intensity is

29%

 

 

Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like GE stock is poised for an Correction trend tomorrow

The %intensity of Risk & Return tomorrow :

-50%

HIGH ~ LOW % range tomorrow :

0.4%

-2.1%

Predicted Average loss over the next 3 days:

-2.9%

The price of GE stock moves in line with the rise and fall of the stock market index with a probability of

70%

 

, and conversely, it moves against the stock market index trend with a probability of

30%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

GE stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow a strong upward direction, with a ratio of 6 : 4 for the downward to upward direction, indicating a higher proportion of the downward trend. However, in terms of the expected strength of the upward and downward movements, the downward strength is moderate, while the upward strength is higher. Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be in 3 days.

The buying date is

Nov 15

to

Nov 16

A good price to buy a stock:

$ 114.35

And the appropriate selling timing is predicted to be in 5 days.

 

The selling date is

Nov 17

to

Nov 20

A good price to sell a stock:

$ 119.43

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

Predicting the Turning Point of the Trend

The probability of a trend reversal occurring Today and approximately 3 days from now, 7 days from now

 

Prediction of Upper~Lower price range over the next 10 days

Price:

114.43

~

118.98

% Change:

-0.9%

~

3.0%

Median price between the upper and lower prices

116.71

1.0%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bearish

-38%

The Current trend zone & level%

Bullish

71%

The expected average trend zone & level% for the next 10 days

Bullish

69%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

84%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-34%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Correction trend

-50%

0.4%

-2.1%

In 2 days: Entering an uptrend

-39%

0.1%

-0.8%

In 3 days: Entering an uptrend

-8%

0.5%

-0.1%

In 4 days: Uptrend

100%

2.5%

0.1%

In 5 days: Uptrend

73%

2.3%

0.2%

In 6 days: Entering a correction trend

-2%

0.8%

-0.5%

In 7 days: Entering a correction trend

-48%

0.0%

-2.2%

In 8 days: Correction trend

-50%

0.0%

-1.6%

In 9 days: Entering an uptrend

-39%

0.1%

-0.9%

In 10 days: Entering an uptrend

80%

2.0%

0.2%

Average closing price in case of rising:

 

1.4%

=> HIGH ~ LOW range:

1.8%

~

-0.2%

Average closing price in case of falling:

 

-0.7%

=> HIGH ~ LOW range:

0.6%

~

-1.3%

The 10-day prediction and technical analysis of GE stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

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