GE Vernova Inc

GEV remains in a Stage 4 decline with sequential lower highs and lower lows since mid-June, reinforced by the active bearish LH/LL pattern. The medium-term bias is bearish, and short-term timing favors selling into the flat-to-declining 9EMA/20EMA resistance zone near 945–955 on evidence of rejection. Long-term structural strength persists with price above the 200DMA, but that does not counteract the current downtrend. Execution should focus on rejection at the EMA cluster, with invalidation above the 50EMA and recent swing highs.

• ↑Record $176B backlog (+$13B sequential) underpins 2026 revenue guidance of $45.5–$46.5B.
• ↑Q2 revenue up 22% YoY led by AI-driven gas turbines and electrification.
• ↓Negative earnings yield and rich book-to-price ratio suggest overvaluation risk.