$GE General Electric Company Stock Robo Analyst February 29 2020 #GE

General Electric Company (GE) “On a long-term technical basis, the stock (GE) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 11.42 suggesting the next support level is at 10.76. This weakness suggests the long-term trend is turning neutral.

The stock has support at 10.76 and 9.98. If the stock breaks down through support at 10.76 then it will probably continue lower to 9.98. The stock will meet resistance at 10.90 and 11.58. If the stock breaks up through resistance at 10.90 then it will probably continue higher to 11.58. The 200-day moving average is at 10.36. This will also act as support. The stock is extremely oversold according to the Stochastic Indicator (23.58).”