Current trend

Shares of General Electric Co., an American diversified corporation, are moving as part of a growing upward trend, trading at 162.00.

Against positive financial statistics, leading analysts are revising their assessments of the issuer’s securities. Thus, experts from Argus Research Co. raised their target price from 150.0 dollars to 170.0 dollars, keeping a Buy rating following the corporation’s recent decision to increase its quarterly dividend from 0.08 per share to 0.28 dollars per share, raising quarterly yield from 0.2% to 1.00%. Analysts at The Goldman Sachs Group Inc. adjusted forecasts for GE’s Vernova Inc. division, increasing its target price to 154.0 dollars and leaving its buy rating unchanged as the division’s position remains stable and its order book exceeds 100.0B dollars.

The financial report of General Electric Co. was reported yesterday, with revenue reaching 16.10B dollars, beating estimates of 15.24B dollars and earnings per share of 0.82 dollars versus expectations of 0.66 dollars.

Support and resistance

On the daily chart, the trading instrument is growing, working out the price gap of 175.00–140.00.

Technical indicators are slowing down the sell signal against a correction: fast EMA of the Alligator indicator are held below the signal line, and the AO histogram is forming ascending bars in the sales zone.

Resistance levels: 165.00, 175.00.

Support levels: 158.40, 147.00.

Trading tips

Long positions may be opened after the price rises and consolidates above 165.00, with the target at 175.00 and stop loss 160.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 158.40, with the target at 147.00. Stop loss – 162.00.