General Electric Com

GE
Delayed Nyse - 05/17 10:00:39 pm
10USD
-1.28%

A trend reversal is in sight

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David Meurisse
Contributor / Partner

Strategy published on : 03/14/2019 | 10:03

long trade
Stop-loss triggered

Entry price : 10.365$
Target : 13.4$
Stop-loss : 8.9$
Potential : 29.28%

The technical chart pattern of General Electric Company stock suggests the beginning of a trend reversal over the medium term.
Investors have an opportunity to buy the stock and target the $ 13.4.

Summary

● In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.

● For a short-term investment strategy, the company has poor fundamentals.


Strengths

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at USD 10.38.

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

● The company has insufficient levels of profitability.

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

● The company's earnings releases usually do not meet expectations.

● With an expected P/E ratio at 29.23 and 19.24 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.

● For the past seven days, analysts have been lowering their EPS expectations for the company.

● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.

● For the past year, analysts have significantly revised downwards their profit estimates.

● Below the resistance at 10.38 USD, the stock shows a negative configuration when looking looking at the weekly chart.

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