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 BUY   GE HealthCare Technologies (NASDAQ: GEHC)

GE HealthCare Technologies (NASDAQ: GEHC) STOCK RECOMMENDATION

IdeaBUY
Buy Range86 – 88.5
Target93 – 95
StopLoss*below 84
Duration12-14 Trading Days
Potential Returns5% – 7%
IdeaBuy RangeTargetStopLoss*DurationPotential Returns
BUY86 – 88.593 – 95below 8412-14 Trading Days5% – 7%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

GE HealthCare Technologies (NASDAQ: GEHC) STOCK OVERVIEW

GE HealthCare Technologies Inc. engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics. The Imaging segment offers molecular imaging, computed tomography (CT) scanning, magnetic resonance (MR) imaging, image-guided therapy, X-ray systems, and womenโ€™s health products. The company was incorporated in 2022 and is headquartered in Chicago, Illinois.

Stock Data
NASDAQ Symbol GEHC
Sectoral Index Health Care
52 Weeks High 94.5
52 Weeks Low 62.35

GE HealthCare Technologies (NASDAQ: GEHC) - RELATIVE STRENGTH

GEHC-RELATIVE STRENGTH

Relative Performance - Last 1 Year

GE HealthCare Technologies —     NASDAQ —

GE HealthCare Technologies (NASDAQ: GEHC) - DAILY TECHNICAL ANALYSIS

GEHC-DAILY TECHNICAL ANALYSIS
GE HealthCare Technologies (NASDAQ: GEHC) - Technical Analysis (Daily)
  • In the deep consolidation phase, price has formed a Rounding Bottom pattern.
  • After the breakout of the pattern, price moved upside and made an All Time High at near 95 level.
  • After that price has made a sharp correction and came down at the previous breakout level.
  • Currently the price is going upside after retesting the breakout zone.
  • With the increasing volume, it is expected that the price may continue to move upside.

GE HealthCare Technologies (NASDAQ: GEHC) - MACD

GEHC-MACD
GE HealthCare Technologies (NASDAQ: GEHC) - MACD
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

GE HealthCare Technologies (NASDAQ: GEHC) - EMA Cross

GE HealthCare Technologies (NASDAQ: GEHC) - EMA Cross
  • The short length exponential moving average (10 EMA) is about to cross the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - GE HealthCare Technologies (NASDAQ: GEHC) STOCK PRICE FORECAST

Based on our swing stock trading strategies in USA, GE HealthCare Technologies stock price target will be USD 93 – USD 95 in the next 12-14 trading sessions.

GE HealthCare Technologies (NASDAQ: GEHC) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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