General Electric Company (GE) stock price recorded a slight pullback in its latest intraday trading, as the stock attempts to take profits from its previous gains while seeking to rebuild positive momentum for another advance. The move remains supported by continued trading above its SMA50, providing dynamic support, under the dominance of the main medium-term upward trend, with price action moving along a supportive trend line. Positive signals are also appearing on the RSI after it reached oversold territory.

Therefore we expect the stock price to rise in upcoming trading, as long as the $291.00 support level holds, to target the key resistance at $332.80.

Todays price forecast: Bullish