Published On: Fri, Mar 10th, 2017

General Electric Company: analytical review


Fundamental analysis

Industry: multisectoral mechanical engineering

General Electric sells its industrial water supply business for $ 3.4 billion to the Caisse de dépôt et placement du Québec (CDPQ) and SUEZ companies. CDPQ will get a 30% share for $ 700 million, SUEZ will get a 70% share in the water business of the General Electric, and the new owner plans the further investments to create an independent business with the focus on the world market.

General Electric got the multibillion contract with the US Army to provide on-board electrical power.

During the last week the General Electric stocks lowered by 1.76% against the lowering of the S&P 500 index by 0.38%.

The comparative analysis between the indicators of the company and its competitors suggest the neutrality of its share prices.

Key levels

The technical picture is mixed. From the beginning of march the “bearish” moods prevail. However yesterday #GE reached the key demand level of 29.60-29.50, which caused the correction in the last half of the trading session. The indicators don’t give a clear signal. Open the positions from the key levels.

Support levels: 29.60.

Resistance levels: 29.70, 29.90, 30.05

Trading scenario

If the price is set above 29.70, the correction can continue to 29.90-30.00. Stop loss is at 29.60.

If the price is set below 29.60, open short positions. The price can move to 29.40-29.30. Stop loss is at 29.70. 

Forex Analysis

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