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 0.44% in the last session after leaning on the main upward trend line in the medium term, with positive support from the 50-day SMA, while seeking a bottom to bounce it higher anew, as the RSI reached oversold levels compared to the stock's movements, hinting at positive divergence.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 14.40, provided the support of 13.40 holds on.
Expected trend for today: Bullish