Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
General Electric's stock (GE) fell in the intraday levels, recording a loss of 0.40% in the last session, or 0.07 points, after hitting an intraday high at 17.66, bouncing off it lower and turning the gains into losses before the close, amid negative pressure from the 50-day SMA, with the dominance of the main downward trend in the medium and short terms.
Therefore we expect more losses for the stock, targeting the support of 16.78, as long as the resistance of 18.54 holds on.