$GE General Electric Company Stock Robo Analyst February 27 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 broken through an important trendline at 10.68 suggesting the next level of support is 10.36. The long-term uptrend has now turned neutral.

The stock has support at 10.36 and 8.61. If the stock breaks down through support at 10.36 then it will probably continue lower to 8.61. The stock will meet resistance at 10.68 and 11.35. If the stock breaks up through resistance at 10.68 then it will probably continue higher to 11.35. The 200-day moving average is at 10.36. This will also act as support. If the stock closes below 9.97 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is slightly oversold according to the Stochastic Indicator (25.83).”