GE Aerospace trade breaks its SL1 and SL2 stops
GE Aerospace Stock Drops 5.4% and Closes Below Its SL1 and SL2 Stops
Our view last week
GE Aerospace bounces off its own 20-day moving average, in the 364 area, after touching the 360 level, but the week closes slightly lower (-0.5%) and the stock stays a step from its all-time highs, already tested in recent weeks. Just like seven days ago, the weekly picture still shows caution flags: contracting volume and buyers losing some of their edge. The trade, open for 11 weeks, remains up 13.78%.
This week's summary
GE Aerospace closed the week down 5.4%, with sellers controlling more than 85% of trading and the rally clearly losing steam: RSI and momentum have been sliding for weeks, and money flow, while still positive, has softened. Price closed below the first stop level (SL1) and the second stop level (SL2) flagged in the previous week's card (349.88 area, 348.7 area): for anyone following those levels the trade is closed.
IQS Phase
55
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#70 / 167
US stocks in progress
Trade P&L %
+7.60%
from signal to date, no stop loss
Rank position
ranks 70th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
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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