NASDAQ trade advice (A): US health care stock | 5-7% gain | USA stock trading signal on 30 Apr 2024

Date
April 30, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Swing Trading Advice in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • GE HealthCare Technologies
  • 86 – 88.5
  • 93 – 95
  • Below 84
  • 5% – 7%
  • 12 - 14 Days
  • Buy
    GE HealthCare Technologies
  • Buy
    Range
    86 – 88.5
  • Target
    93 – 95
  • Stoploss
    Below 84
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    GE HealthCare Technologies (NASDAQ: GEHC) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • GEHC
  • GE HealthCare Technologies
  • Health Care
  • 94.5
  • 62.35
  • NASDAQ code GEHC
  • Stock Name GE HealthCare Technologies
  • Sector Health Care
  • 52 Weeks High 94.5
  • 52 Weeks Low 62.35
  • GE HealthCare Technologies (NASDAQ: GEHC) vs NASDAQ - Relative Strength Comparison

    The image highlights GE HealthCare's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    GEHC —   NASDAQ —

  • GE HealthCare Technologies (NASDAQ: GEHC) - Technical Analysis (Daily)

    GE HealthCare - Technical Analysis chart on Daily Price and Volume
    GE HealthCare - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    GE HealthCare stock analysis based on MACD Indicator
    GE HealthCare - MACD Indicator

    • 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 Crossover

    GE HealthCare stock analysis based on EMA Crossover
    GE HealthCare - EMA Crossover

    • 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 day’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 stock trading picks in US, GE HealthCare Technologies stock price target will be USD 93 - USD 95 in the next 12-14 trading sessions.

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  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • GE HealthCare Technologies
  • 86 – 88.5
  • 93 – 95
  • Below 84
  • 5% – 7%
  • 12 - 14 Days
  • Buy GE HealthCare Technologies
  • Buy
    Range
    86 – 88.5
  • Target 93 – 95
  • Stoploss Below 84
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • GE HealthCare Technologies
  • 86 – 88.5
  • 93 – 95
  • Below 84
  • 5% – 7%
  • 12 - 14 Days
  • Buy
    GE HealthCare Technologies
  • Buy
    Range
    86 – 88.5
  • Target
    93 – 95
  • Stoploss
    Below 84
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    GE HealthCare Technologies (NASDAQ: GEHC) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • GEHC
  • GE HealthCare Technologies
  • Health Care
  • 94.5
  • 62.35
  • NASDAQ code GEHC
  • Stock Name GE HealthCare Technologies
  • Sector Health Care
  • 52 Weeks High 94.5
  • 52 Weeks Low 62.35
  • Company profile

    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 women’s health products. The company was incorporated in 2022 and is headquartered in Chicago, Illinois.

  • GE HealthCare Technologies (NASDAQ: GEHC) vs NASDAQ - Relative Strength Comparison

    The image highlights GE HealthCare's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    GEHC —   NASDAQ —

  • GE HealthCare Technologies (NASDAQ: GEHC) - Technical Analysis (Daily)

    GE HealthCare - Technical Analysis chart on Daily Price and Volume
    GE HealthCare - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    GE HealthCare stock analysis based on MACD Indicator
    GE HealthCare - MACD Indicator

    • 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 Crossover

    GE HealthCare stock analysis based on EMA Crossover
    GE HealthCare - EMA Crossover

    • 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 day’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 stock trading picks in US, GE HealthCare Technologies stock price target will be USD 93 - USD 95 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

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