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General Electric Is Advancing But There Is No Buy Point: Why?

Investoreight

General Electric Co. is a popular stock with strong support. According to the IBD Stock Checkup Tool, the company experiences three quarters of rising fund ownership. But, based on EPS rating, GE's earnings are ranked 20 out of 99 best EPS companies and its rate is D.

General Electric Co. (GE) shares are up 2.66% as of Jul 21, 2021, 11:22 AM ET, while S&P is up 0.61%. GE shares have raised in 2021 by almost 21.3% while S&P 500 has raised by almost 16.82%. GE revealed a yearly performance of 84.86% and moved -0.63%, and -1.47% since last month and last week, respectively.

The stock is -2.03% below its 52 days Simple Moving Average (SMA52). The shorter-term 26 days SMA (SMA26) is -1.74% below the 52 days SMA, signaling a downward trend in the stock price. The current Relative Strength Index (RSI) of the stock, is 45.87, indicating a normal condition on the momentum of the stock price. RSI is a common technical metric to measure the momentum of the stock price and ranges between 0 and 100. Typically, an RSI of 70 or above indicates an overbought condition whereas an RSI of 30 or below signals an oversold condition.

As of Jul 21, 2021, 11 AM EST, an investor who has bought GE at its one-year low, which was 5.93$, is in 119.14% profit. Also, an investor who has bought FCEL at its one-year top, which was $14.41, is in a -9.85% loss.

The basic EPS of the company in the last quarter, FY2021Q1, was $0.03, which experienced -62.5% of quarterly growth. It also experienced -95.71% growth compared with the same period last year. The basic EPS of the company was $0.08 and $0.7 in FY2020Q4 and FY2020Q1 respectively. General Electric Co.'s TTM basic EPS was $-0.29 in FY2021Q1.

About General Electric Co.

General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control, and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content, and industrial products. The company operates through eight segments: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances & Lighting, and GE Capital. The Power & Water segment serves power generation, industrial, government, and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission-critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas, and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Energy Management segment designs technology solutions for the delivery, management, conversion, and optimization of electrical power for customers across multiple energy-intensive industries. The Aviation segment 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. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography, and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography, and molecular imaging technologies. The Transportation segment engages in global technology and supplier to the railroad, mining, marine, and drilling industries. The Appliances & Lighting segment 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. The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans, and other financial services. The company was founded by Thomas A. Edison in 1878 and is headquartered in Boston, MA.