Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
General Electric's stock fell in the intraday levels, venting off overbought saturation in the RSI while gathering momentum to help it rise anew, while trading alongside the upward medium-term trend line, with positive support from the 50-day SMA.
Therefore we expect the stock to rise, targeting the pivotal resistance of 11.23, as long as the support of 9.80 holds on.
Expected trend for today: Bearish