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It’s time for our chart of the week, and this week we’re gonna be focusing on General Electric, which is a far different company than it was a many years ago. It’s mostly an engine company now after having spun off GEV and GE Healthcare a couple years ago.

So let’s take a look at GE. The stock is looking really strong and about ready to break out past an all-time high. In fact, it closed at a new all-time high on Monday, March 24.

So let’s take a look at this chart here.

So you can see a nice series of higher lows in here. And then again, we reached a level here – at about the $209 – 210 level – that the stock was having trouble with back in early- to mid-February.

We had that huge run from the end of 2024, all the way up from $160 – $155 up to about $210 – that was about a 30% run for GE. Pulled back a little bit – about a 38% retracement on the Fibonacci – and now it’s making a run back up there.

You wanna see stocks – and you wanna be involved with stocks – that do well when the rest of the market is not doing well – and also is performing better when the market starts to turn upwards.

We’re seeing that happen currently right now with the stock market having rallied off of the recent lows. S&P 500 is up above 5500.

But you know, we like this chart. I mean, what is there not to like about this chart with good strong money flow there? We have a MACD buy signal. We’ve had some really good strong volume trends as well.

On-balance volume is starting to creep back up. It’s not as bullish as it was back about a month and a half ago, but it’s still moving on up.

And we have relative strength also making higher highs and higher lows.

It is not overbought yet. But even when it gets overbought – look what happened back in January and February when it did get overbought – over 70 on the relative strength index. It stayed up there and the stock continued to power higher. It got up there around the $195-193 area, and it did not stop until it went up to $210.

Overbought readings don’t really much matter to General Electric. It can stay that way for a longer period of time until it starts to break down.

But I think right, as we can see here with the good strength and price action here over the past week and a half, two weeks, you have to give it to General Electric that this stock is going to make a nice run. It had a good earnings report last time around back in January and it reflected that with a nice move upwards over that period of time.

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