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- 1 GEHC stock price decreased by 0.39% over the past week and the current price is below major trendline.
- 2 GE HealthCare Technologies Inc. (NASDAQ: GEHC) stock’s 52-week price range is between $53 – $87.
GEHC Inc. is a company that makes and sells products, services, and digital solutions for health care. The company was founded in 2022 and is based in Chicago, Illinois. The company has four segments that serve different markets and needs.
The first segment is imaging, which makes systems for different types of imaging, such as molecular, CT, MR, X-ray, and so on. The second segment is ultrasound, which offers ultrasound solutions for various purposes, such as radiology, women’s health, cardiovascular, and surgery.
Moreover, the third segment is patient care Solutions, which provide devices, products, services, and digital solutions for patient monitoring, anesthesia, respiratory care, cardiology, and maternal-infant care. The fourth segment is pharmaceutical diagnostics, which supplies diagnostic agents for different imaging exams, such as CT, MR, SPECT, PET, and ultrasound. These agents help to make the tissues or structures more visible during the scans.
GE HealthCare stock has not performed well in the last month, decreasing by 3.05% and by 12.32% in the last six months. GE HealthCare Technologies Inc. (NASDAQ: GEHC) stock has a positive year-to-date return of 8.97% and a positive one-year return of 24.19%. The average volume is 3.076 Million and the current volume is 3.161 Million where the current volume is above the 10-day average volume.
Moreover, GE HealthCare Technologies Inc. (GEHC) stock market capitalization is $30.074 Billion and the shares float is 392.011 Million. GE HealthCare has a debt-to-equity ratio of 139.8%, as reported by Simply Wall St. This implies that it has more debt than equity, which is the difference between its total assets of $32.31 Billion and total liabilities of $24.99 Billion. GE HealthCare’s debt is $10.24 Billion, while its equity is $7.32 Billion.
Technical Analysis of GEHC Stock Price in 1-D Timeframe
The price action shows that GE HealthCare Technologies Inc. (NASDAQ: GEHC) stock price has been falling since April 2023 from $87. It is noted on the charts that on every quarter report, huge profit booking comes which leads the GEHC stock price to fall by making lower highs and lower lows.
At the time of writing, GEHC stock is trading at around $66.12 and facing strong resistance from a downward trendline on the charts and the charts are strongly displaying strong selling.
Therefore, if the GEHC price fails to sustain the current level and drops, it might hit the nearest support levels of $61 and $57.
However, if it maintains the current level, the GEHC prices could continue to move upward and reach the first and second resistances of $70 and $74.
At the time of publishing, GE HealthCare Technologies Inc. (NASDAQ: GEHC) is trading between the major 20 and 50-day EMA (exponential moving averages).
The MACD line at 1.91 and signal line at 2.12 are below the zero line and both lines have crossed each other frequently showing a lean histogram indicating neutrality.
The current value of RSI is 37.08 points. The 14 SMA is below the median line at 31.91 points which indicates that GEHC stock is in bearish territory.
Collectively, it may be presumed that the stock has neutral to bearish sentiment.
Summary
GE HealthCare Technologies Inc. (NASDAQ: GEHC) chart indicates that the traders and investors of the stock price are neutral to bearish of its movement on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. Moreover, the technical analysis tools of GEHC stock price also give traits of consolidation to bearish.
Technical Levels
- Support levels: $61 and $57
- Resistance levels: $70 and $74
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
