General Electric (GE) Stock Price Analysis 2025: Can It Break Resistance Above $10.75?

Challenges Persist Despite Positive Momentum in GE's Turnaround

General Electric Inc. (GE) shares showed slight gains during recent trading sessions but continue to face difficulty breaking through critical resistance levels marked by the 50- and 200-day moving averages. This resistance has capped the stock's upward momentum following its strong rally throughout September 2024.

According to a recent report by William Blair, GE's ongoing transformation remains on course with accelerating operational improvements. Analyst Nicholas Heymann, after discussions with GE's Senior VP of Business Transformation, reaffirmed an Outperform rating with a price target range of $14.00 to $16.00 per share for the next 12 months, citing clear signs of financial and operational progress.

At the Morgan Stanley Laguna Conference, CEO Larry Culp highlighted that the 'reset year' is unfolding as planned, though operational enhancements are expected to take more time. The Power division stands out as a key growth driver, especially due to its strong strategic foothold in China, which could fuel future outperformance.

However, concerns remain among analysts regarding unresolved risks in GE's non-core segments, notably Long-term Care. Additionally, increasing competition poses a potential long-term challenge to the Power segment's growth trajectory.

From a technical perspective, GE's stock climbed from lows near $7.75 to test the crucial 50-day and 200-day moving averages around $9.30. The Relative Strength Index (RSI) is approaching overbought territory at 59.78, while the Moving Average Convergence Divergence (MACD) indicator shows a bullish trend, signaling potential for further gains before any consolidation.

Investors and traders should closely monitor GE's ability to break above these moving averages toward prior resistance levels near $10.75 in upcoming sessions. Failure to clear this hurdle may lead to a consolidation phase or a pullback to retest support levels near $8.00 before attempting another advance. The company's next earnings report, scheduled for October 29, 2024, is expected to be a significant catalyst influencing the stock's direction.

Chart provided by TrendSpider.com. The author holds no direct position in GE stock beyond passive index fund exposure.

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