GENERAL ELEC CO closed up 0.280 at 25.470. Volume was 21% above average (neutral) and Bollinger Bands were 3% narrower than normal.
Open High Low Close Volume___
24.870 25.490 24.830 25.470 42,676,208
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 24.99 25.24 25.81
Volatility: 25 34 27
Volume: 41,759,048 39,095,792 39,161,456
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Trian Fund Management, L.P:Says that it has become a top ten shareholder of General Electric Company with a beneficial ownership of 98.5 million GE shares currently valued at about $2.5 billion
Summary
GENERAL ELEC CO is currently 1.3% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of GE at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GE and have had this outlook for the last 12 periods.
HEFFX Candlesticks
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 27 white candles and 22 black candles for a net of 5 white candles.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
HEFFX Momentum
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 89.3372. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 2 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 54.67. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 26 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 59. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 1 period(s) ago.
Valuation Ratios
| Company | industry | sector | ||
|---|---|---|---|---|
| P/E Ratio (TTM) | 68.59 | 21.03 | 20.88 | |
| P/E High – Last 5 Yrs. | 19.02 | 26.99 | 87.24 | |
| P/E Low – Last 5 Yrs. | 14.55 | 12.34 | 14.63 | |
| Beta | 1.24 | 1.02 | 0.88 | |
| Price to Sales (TTM) | 1.85 | 0.87 | 2.53 | |
| Price to Book (MRQ) | 2.35 | 1.61 | 2.09 | |
| Price to Tangible Book (MRQ) | 7.64 | 2.07 | 2.20 | |
| Price to Cash Flow (TTM) | 17.81 | 9.51 | 12.79 | |
| % Owned Institutions | 56.17 | 1.06 | 1.74 | |
General Electric Company (GE), incorporated on April 15, 1892, is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances and Lighting, and GE Capital. The Company operates in approximately 175 countries.
Power & Water
The Company’s Power & Water segment’s products and services, including design, installation, operation and maintenance services are sold into global markets. Its gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls and related services, including total asset optimization solutions, equipment upgrades and long-term maintenance service agreements are sold to power generation and other industrial customers. Its renewable energy solutions include wind turbines. Water treatment services and equipment include specialty chemical treatment programs, water purification equipment, mobile treatment systems and desalination processes.
Oil & Gas
The Company’s Oil & Gas segment supplies equipment for the global oil and gas industry, used in applications ranging from drilling and completion through production, liquefied natural gas (LNG) and pipeline compression, pipeline inspection, and including downstream processing in refineries and petrochemical plants. The business designs and manufactures surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, high pressure reactors, industrial power generation and a portfolio of auxiliary equipment.
Energy Management
The Company’s Energy Management segment is GE’s electrification business. The Company designs technology solutions for the delivery, management, conversion and optimization of electrical power for customers across multiple energy-intensive industries. The segment also provides plant automation hardware, software and embedded computing systems, including controllers, embedded systems, advanced software, motion control, operator interfaces and industrial computers.
Aviation
The Company’s Aviation segment’s products and services are sold to airframe manufacturers, airlines and Government agencies. The segment’s products and services include jet engines, aerospace systems and equipment, replacement parts, and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications, and for executive and regional aircraft.
Healthcare
The Company’s Healthcare segment’s products include diagnostic imaging systems, such as magnetic resonance (MR), computed tomography (CT) and positron emission tomography (PET) scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. Healthcare-manufactured technologies include patient and resident monitoring, diagnostic cardiology, ultrasound, bone densitometry, anesthesiology and oxygen therapy, and neonatal and critical care devices. Related services include equipment monitoring and repair, information technologies and customer productivity services. Products also include diagnostic imaging agents used in medical scanning procedures, drug discovery, biopharmaceutical manufacturing and purification, and tools for protein and cellular analysis for pharmaceutical and academic research, including a pipeline of precision molecular diagnostics in development for neurology, cardiology and oncology applications. The segment’s products and services are sold to hospitals, medical facilities, pharmaceutical and biotechnology companies, and to the life science research market.
Transportation
The Company’s Transportation segment is a technology supplier to the railroad, mining, marine and drilling industries. It provides freight and passenger locomotives, diesel engines for rail, marine and stationary power applications, railway signaling and communications systems, underground mining equipment, motorized drive systems for mining trucks, information technology solutions, high-quality replacement parts and value added services.
Appliances & Lighting
The Company’s Appliances & Lighting segment’s products include major appliances and related services for products, such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. These products are distributed both to retail outlets and direct to consumers, mainly for the replacement market, and to building contractors and distributors for new installations. Lighting products include lamps and lighting fixtures, including light-emitting diodes. The segment’s products and services are sold in North America and in other markets under various GE and private-label brands.
GE Capital
The Company’s GE Capital businesses offer a range of financial services and products for businesses. Services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The segment’s products and services are offered in North America and in other markets through the following businesses: Commercial Lending and Leasing (CLL), Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services (GECAS). CLL offers secured commercial loans, equipment financing and other financial services to companies across a wide range of industries including construction, retail, manufacturing, transportation, media, communications, technology and healthcare. Equipment financing activities include industrial, medical, fleet vehicles, construction, office imaging and many other equipment types. Consumer offers a range of financial products including private-label credit cards; personal loans; bank cards; auto loans and leases; mortgages; debt consolidation; home equity loans; deposit and other savings products, and small and medium enterprise lending on a global basis. Real Estate offers a range of capital and investment solutions, including fixed and floating rate mortgages for new acquisitions or re-capitalizations of commercial real estate. Energy Financial Services invests in energy projects and companies by providing structured equity, debt, leasing, partnership financing, project finance and commercial finance. GECAS is a commercial aircraft financing and leasing business, which offers a range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, airport and airline consulting services, and spare parts financing and management.
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