GE Technicals

GE entered it's 5-year horizontal sell zone today. Here's notable levels on the GE 1 week chart because GE is a slow mover, and it can take a long time for a bearish reversal. Except for an overnight newsworthy current events surprise drop. Plus, I included longer term options data. The two bearish options that stand out to me are the 4/21 expiry Put/Call Volume Ratio 3.77 and 6/16 expiry Put/Call Open Interest Ratio 1.93.

5-year horizontal trend levels:
R3 = $93.55
R2 = $83.66
R1 = $73.77
pivot = $63.88
S1 = $53.99
S2 = $44.10
S3 = $34.21

3/17 expiry options data:
Put Volume Total 554
Call Volume Total 832
Put/Call Volume Ratio 0.67
Put Open Interest Total 56,901
Call Open Interest Total 54,039
Put/Call Open Interest Ratio 1.05

4/21 expiry options data:
Put Volume Total 400
Call Volume Total 106
Put/Call Volume Ratio 3.77
Put Open Interest Total 4,364
Call Open Interest Total 8,356
Put/Call Open Interest Ratio 0.52

6/16 expiry options data:
Put Volume Total 336
Call Volume Total 611
Put/Call Volume Ratio 0.55
Put Open Interest Total 53,802
Call Open Interest Total 27,868
Put/Call Open Interest Ratio 1.93

Comment:

GE put

Comment:

GE put $94