Want to know the current price of General Electric and what will happen to GE stock next? On this page, we share the latest General Electric news and advice on buying stocks. You can also view the latest General Electric Forecast for 2022 and 2023 from our experts.
Should you buy or sell General Electric shares today? To what levels can the shares of this company rise in a year, two, three? How much will General Electric stocks cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for GE stock, both up and down.
General Electric Forecast for 2022 and 2023
Quotes of General Electric continue to move as part of the correction and the formation of the “Triangle” model. The moving averages point to a short-term bearish trend in GE shares. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of securities and a likely continuation of the rise in the near future. At the time of publication of the forecast, the cost of shares of General Electric is 103.66 per share. As part of the forecast, we should expect an attempt to develop a slight correction and a test of the support level near the area of 95.55. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 180.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of General Electric quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the Triangle pattern. Cancellation of the option to raise the price of GE shares will be a fall and a breakdown of the level of 85.00. This will indicate a breakdown of the support area, in which case we can consider a continuation of the decline in securities to the area at the level of 40.55. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 120.55, which will indicate a breakdown of the upper border of the “Triangle” model and the beginning of this pattern.
General Electric Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 95.55. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 180.05. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the GE rise option will be a fall and a breakdown of the level of 85.00. This will indicate a breakdown of the lower boundary of the “Triangle” model and a continuation of the fall in value to the area below the level of 40.55.
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