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) rose mildly in the intraday levels, scoring a profit of 0.07% in the last session, or 0.02 points, as the stock tries to recover some losses, after hitting an intraday high at 27.79, bouncing off it lower and trimming the gains, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from relative power indicators.
Therefore we expect the stock to return lower, targeting the pivotal support of 27.10, as long as the resistance of 28.19 holds on.