Currently 3 bullish, 1 bearish — stable.
Analysts are holding steady at 3 bullish to 1 bearish.
3 YouTube analysts cover GE Vernova Inc. (GEV).
3 analysts have covered GEV so far…
GEV is breaking out from a flag pattern after a $500 rally and could project to $1,500.
GE Vernova rallied from ~$570 to ~$1,050, then formed a flag pattern. After breaking out near $1,100, a measured move projects to $1,500. The company has strong industry-leading growth and profitability.
GEV's daily breakdown below the 50-day moving average appears bearish, but the weekly chart shows a hammer candle off the rising 20-week moving average, suggesting a longer-term bounce.
While the daily chart shows GEV losing the 50-day moving average and looking broken, the weekly chart reveals a hammer candle bouncing off the rising 20-week moving average. The weekly perspective indicates a longer-term support level that may reverse the short-term weakness.
GEV thesis broke after the stock fell about 10%, so closing the in-the-money covered call/LEAPS position is the right exit.
GE Vernova’s pullback turned the expected long-term setup sour, even while covered calls generated extrinsic and some downside buffering. The remaining loss on the LEAPS was acceptable in size, but the speaker still concluded the thesis no longer worked.
No official filings surfaced for GEV yet.
