General Electric Stock Forecast: GE Extends Uptrend Toward 312–340

This week, the annual aviation industry forum Dubai Airshow is underway, where the company's management has already secured several contracts for aircraft equipment and software. Saudia Group announced a strategic partnership with General Electric Co., under which the company will supply GEnx-1B engines for 39 Boeing 787-9 and 787-10 aircraft ordered by Saudi Arabia in 2023. The agreement also includes a multi-year maintenance, repair, and spare engine support program. Another contract was signed with FlyDubai, which will integrate GE’s Safety Insight and FlightPulse software into its fleet to enhance flight safety. These solutions currently support more than 60,000 pilots worldwide, with the number of users increasing by 156% since 2022.

The company’s Q3 earnings report, published in late October, showed revenue rising to 11.31 billion USD compared to 8.94 billion USD a year earlier and 11.02 billion USD in the previous quarter. Earnings per share (EPS) came in at 1.66 USD versus 1.15 USD and 1.87 USD respectively.

Support and Resistance Levels

On the daily chart, the asset is undergoing a correction after once again pulling back from the yearly high of 318.00, signaling a potential move lower toward the support line of the 340.00–260.00 channel.

Technical indicators have nearly reversed and are strengthening the sell signal: the fast EMAs of the Alligator indicator are moving sharply away from the signal line, while the AO histogram continues to form new descending bars below the zero level.

Support levels: 288.00, 258.00.

Resistance levels: 312.00, 340.00.

Trading Scenarios and General Electric Price Forecast

If a reversal occurs and the price continues to decline, with a firm breakout below the 288.00 support level, sell positions will become relevant with a target at 258.00. Stop-loss — 300.00. Implementation period: 7 days or more.

If bullish momentum resumes and the price consolidates above the 312.00 resistance level, buy positions will become relevant with a target at 340.00 and a stop-loss at 300.00.