Week 9, stop at breakeven, highs within reach
GE Aerospace stock rises 1.8%, bouncing off its 20-day average near record highs
Week 9, stop at breakeven, highs within reach
Our view last week
GE Aerospace shares recover 1.4% this week, confirming the double bottom in the 332 area flagged seven days ago: the intermediate rebound now stands at 17%. Our weekly technical analysis flags two cracks though - contracting volume and a weak last candle - just as the price works right up against its all-time highs, already tested multiple times. The buy signal is in its 8th week, stop already at breakeven.
This week's summary
GE Aerospace bounces 3% off its daily 20-day moving average after touching the 349 area, closing the week up 1.8%. Our weekly technical analysis of GE Aerospace stock still flags two cracks that haven't closed - contracting volume and an indecisive phase - just as the price works right up against its all-time highs, already tested three times in the past ten weeks. The buy signal is in its 9th week, with the stop now moved to breakeven.
IQS Phase
60
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#55 / 120
US stocks in progress
Trade P&L %
+11.22%
from signal to date, no stop loss
Rank position
ranks 55th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
GE belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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