2024.08.07 2024.08.07
General Electric Stock Forecast & Predictions for 2024, 2025, 2026-2030 and Beyond

Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/

General Electric (GE) is a prominent focus for investors in the dynamic world of stock trading, especially as we look towards 2024 and the following years. GE stock has experienced numerous ups and downs, resulting in profits and losses for investors. The prevailing question is: will GE stock prices climb or descend in the upcoming periods?

It is necessary to conduct a nuanced exploration of GE’s stock potential to answer this question. By employing technical analysis, we can ascertain the current market trends, which will inform the development of a trading strategy and investment decisions.

Highlights and Key Points: GE Stock Forecast 2024-2030

• On 07.08.2024, the #GE stock price is $161.82 per share.
• Predictions for 2024. General Electric stock is expected to increase in value, ranging between $166 and $194.
• Forecasts for 2025. GE’s price range is between $171 and $199 with a possible surge to $221.
• Technical analysis shows that GE stock’s long-term bearish trend that began in 2016 is reversing.
• Long-term forecasts to 2030 point to a sustained upward trajectory. The stock is expected to hit a $449 mark.
• GE’s future depends on the health of the aviation and energy sectors, as well as the company’s ability to expand sustainably.

GE Stock Price Today Coming Days and Week

When predicting General Electric (#GE) stock prices, focus on industry trends in aviation, power, and healthcare, as they influence GE’s operations. Economic indicators such as industrial production and GDP growth rates also impact business segments.

Pay attention to GE’s financial health through earnings reports and debt levels. Global events, market sentiment, and technical analysis tools like Moving Averages, RSI, and MACD are crucial for understanding potential stock movements. This comprehensive approach helps forecast stock performance in the short to medium term.

GE Stock Predictions for 2024: Expert Forecasts

Analysts have different outlooks on General Electric’s share price. CoinPriceForecast anticipates a period of price stagnation this year, while other analysts project significant volatility and subsequent growth.

CoinPriceForecast

Price range in 2024: $122.50 – $166 (as for August 7, 2024)

CoinPriceForecast analysts project a sideways trend for General Electric (GE) stock in 2024, with an expected mid-year price of $165 and an end-of-year target of $166. The forecast indicates the overall stable price with a small tendency to rise. GE stock presents a particularly attractive opportunity for those investors seeking long-term gains.

PandaForecast

Price range in 2024: $167.20 – $194.23 (as for August 7, 2024)

PandaForecast estimates that General Electric shares will experience significant volatility, reaching a high of $194.23 in December. The overall trend could be described as bullish, but the unstable volatility mixed up the whole picture.

General Electric (GE) Stock Technical Analysis

Technical analysis of General Electric stock entails applying a range of time frames and analytical tools to gauge potential future price movements. Charts with time frames between 1 and 4 hours best suit short-term trading, allowing traders to identify trends and points of opening/closing positions. For long-term investments, monthly and weekly charts will help determine general trends and key support and resistance levels.

A technical analysis toolbox should include moving averages (SMA and EMA), which identify the prevailing trend and its trajectory. The MACD and RSI indicators are indispensable in gauging overbought and oversold market conditions. Chart patterns, such as “Head and shoulders” or “Flags,” can predict a potential trend reversal or its continuation.

#GE Stock Analysis For Next Three Months

Let us examine the GE stock performance on the daily time frame.

1. The RSI is at 45.65. This level indicates a neutral market condition. This could imply that the asset is undergoing a period of consolidation or is trading in the middle of the trading channel.
2. The MACD indicator is as follows: Both lines are in positive territory at 1.27 and 1.25, respectively, with a relatively close correlation. This suggests a weak bullish trend or a potential trend reversal. Further confirmation of the direction is required.
3. The Exponential Moving Average (EMA) is currently below the Simple Moving Average (SMA) but above the current price. This suggests that a bearish trend may be emerging or is just beginning to take shape. A crossing of moving averages often signals a potential shift in the market trend.

The RSI is at 64 after a strong price spike with an RSI of 91. This value signaled that the market was overheated and the price would start a correction at the beginning of the month. After that, the RSI dropped to 56, and the release of the financial results caused the market to rise again.

In light of the preceding analysis, two potential scenarios arise: 

Should the price maintain above the established support levels and the MACD indicator demonstrate a widening divergence between the lines, the asset may continue to grow.

If the stock price breaches the key support levels and declines lower, the bearish trend will be confirmed, especially if the EMA and SMA continue to give bearish signals.

Long-Term General Electric Shares Technical Analysis for 2024

Let’s consider the GE chart on the weekly time frame.

The EMA is above the SMA, which indicates a bullish trend. Both moving averages are below the current price, which confirms the bullish sentiment. However, it is important to monitor their movement, as the asset may see a shift in the trend.

The RSI at 53 indicates a neutral market condition, with no clear overbought or oversold signals. This may indicate that the market is in a consolidation or stabilization stage.

The MACD lines are in a positive zone and moving in the same direction, indicating a bullish trend. However, their proximity may signal a slowdown in the momentum. Additionally, there is a divergence between the price and the MACD indicator, which suggests that the trend is likely losing steam and may reverse.

Long-Term Trading Plan for General Electric Corporation (#GE)

Let’s make a long term trading plan for the asset for 3 months and a year.

Targets for 3 months:

1. Target areas and levels:
   • Support levels: $153-$157.
   • Resistance levels: $168-$174.
   • If the price settles above $164, the target zone for short-term growth will be the $170-$175 range. A break above $180 will indicate the continuation of the uptrend.
   • If the price falls below $153, the key support level will be $135. A possible correction to this level could give a buy signal if the reversal is confirmed.
2. Indicators and signals:
   • It is important to keep an eye on the EMA and SMA crossover to confirm the trend.
   • RSI values below 30 signal oversold conditions and may generate an entry point into long trades. Values above 70 indicate an overbought market condition.

Targets for the year:

Target areas and levels:

• Support levels: $120-$144.
• Resistance levels: $180-$215.
• If the price breaks through $185 and consolidates above this level, the next target zone will be the $215-$250 area. Once the price reaches these levels, the bullish trend will be confirmed.
• If the price falls below $150, a long-term bearish trend may develop. In this case, the trading strategy should be reconsidered.

General Electric (GE) Stock Forecast for 2025

General Electric stock is expected to add approximately 30%-36% in 2025. Analysts forecast different growth dynamics for GE.

CoinPriceForecast

Price range in 2025: $171 – $221 (as for August 7, 2024)

CoinPriceForecast projects a substantial growth for General Electric (GE) stock in 2025, envisioning it to reach $171 by mid-year and $221 by year-end.

PandaForecast

Price range in 2025: $159.67 – $206.84 (as for August 7, 2024)

Analysts at PandaForecast anticipate a notable increase to $206.31 by April 2025. After that, the price is projected to start a correction, to $188.71 in August, with the comeback of the uptrend up to $206.84 in December.

General Electric (GE) Stock Forecast for 2026

Analysts project a steady increase in the GE share price. Most experts anticipate that the price will exceed $220 in the context of favorable market conditions and the successful implementation of corporate strategies.

CoinPriceForecast

Price range in 2026: $244 – $270 (as for August 7, 2024)

CoinPrice Forecast anticipates GE stock to trade bullish: in the mid-2026 the price will reach $244, rising to the annual max of $270 by December.

PandaForecast

Price range in 2026: $177.24 – $255.38 (as for August 7, 2024)

According to PandaForecast, GE will experience a challenging year. In the first half of the year the price will go up, reaching a peak in June at $255.38. In the second half, it is expected to decline, hitting the annual low of $177.24 in September. By December the upward correction is projected, with the prices surging to $208.24 level.

How Did GE Stock Price Change Over Time?

General Electric (GE) has exhibited significant growth in its stock price over the past decades, reflecting the dynamic and often unpredictable nature of the stock market. GE’s historical stock prices reveal a journey marked by significant highs and lows. For instance, the stock peaked in 2000 at $255.92, only to experience a dramatic fall to $87.44 in 2008, illustrating the impact of the global financial crisis.

The subsequent years saw a gradual recovery, with the GE stock price showing resilience in the face of market volatility. By 2021, the stock price had stabilized to a certain extent, closing the year at $93.83.

General Electric shares underwent pronounced shifts between 2022 and 2024. At the beginning of 2022, the rate was $95.22, but it declined to $83.74 by the end of the year, pointing to an unstable financial situation for the company. Nevertheless, General Electric stock demonstrated a robust uptrend in 2023, with an initial opening price of $84.10 and a closing price of $127.43 at the end of the year. This growth is attributed to the effectiveness of corporate strategies and the improvement in market conditions. In 2024, stock performance is expected to hinge upon the continuation of these trends as well as the broader economic landscape and internal corporate developments.

Long-Term GE Stock Forecast for 2027-2030

As analyzed by various expert sources, the long-term forecast for General Electric (GE) stock from 2027 to 2030 indicates a bullish trend. Projections from CoinPrice Forecast suggest significant growth. These optimistic forecasts highlight GE’s potential for robust performance in the coming years, supported by improved market conditions and strategic initiatives. General Electric is expected to continue strengthening its position and reach new heights in the years ahead.

Factors That May Affect GE Stock Price

Despite a notable performance in 2019, the question remains: can GE orchestrate a remarkable turnaround?

• Geopolitical Dynamics: GE’s stock may be impacted by global political events and international relations that could affect GE’s aviation and military segments, potentially leading to stock price fluctuations.
• Relevance of GE’s Power Segment: The shift towards renewable energy and environmental sustainability is vital. GE’s ability to adapt its power segment to these changes while balancing the ongoing relevance of traditional energy sources will be crucial for its stock performance.
• Institutional Investments and Trust: Institution to predict level and confidence can significantly impact GE’s stock, as it reflects broader market trust in the company’s future.
• Global Market Changes: Fluctuations in global trade policies, economic conditions, and market dynamics could have a direct impact on GE’s business and, consequently, its stock price.

Conclusion: Is General Electric a Good Investment?

General Electric (GE) stock appears to be a promising investment. The company has a proven track record of resilience in the face of crises and has achieved consistent growth in recent years. Projections for 2027-2030 suggest the possibility of further expansion, with the potential to reach a valuation of $220. However, it is essential to assess the risks associated with stock market volatility and economic shifts.

Price chart of GE in real time mode