GE grows and splits. Stock idea 07/02/2024
General Electric Co. has announced a company split aimed at increasing its business efficiency. Following the division, two companies will emerge: GE Aerospace, a manufacturer of solutions for the aerospace industry, and GE Vernova, which combines the energy divisions of GE Power and GE Renewable Energy. Investors who own GE stock will receive a stake in both companies.
So, today, we have decided to look at the General Electric Co. (NYSE: GE) stock chart.
On the D1 timeframe, support has formed at 132.12, but resistance is yet to be established. There is a high probability of a corrective decline in quotes to the 134.28 level, which previously served as resistance.
On the H1 timeframe, a rebound from the 134.28 level could set a short-term target for a price increase at 139.07, while in the medium term, it could hover around 146.00.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
So, today, we have decided to look at the General Electric Co. (NYSE: GE) stock chart.
On the D1 timeframe, support has formed at 132.12, but resistance is yet to be established. There is a high probability of a corrective decline in quotes to the 134.28 level, which previously served as resistance.
On the H1 timeframe, a rebound from the 134.28 level could set a short-term target for a price increase at 139.07, while in the medium term, it could hover around 146.00.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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