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Price vs. Lower Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
bollinger bands,bollinger band crossover,stock market timing signal,bollinger band indicator screener
Archive
- 6/8/2018
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American Electric Power
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineOversold sectorWilliams' Percentage Range is oversoldBroken trend support lineBroken trend support line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversoldRelative Strength Index, Lane's Stochastic and MACD bullish divergence
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It was the negative week for the American Electric Power (AEP). During the week, the AEP dropped -2.57 points, or -3.85%, and closed at 64.11 on Friday, June 08, 2018. It was the worst weekly loss since February 9, 2018. Weekly volume was 9% above average.

AEP is a member of Utilities Sector. Utilities is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AEP long-term trend chart]
A long-term uptrend had started on March 31, 2009 at 24.00 and reached 78.07 on December 4, 2017. AEP gained -54.07 points, or -225.29%, in 452 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (70.98) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AEP may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See AEP medium-term trend chart]
A medium-term uptrend had started on February 8, 2018 at 63.32 and reached 70.98 on April 27, 2018. AEP gained -7.66 points, or -12.10%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (69.97) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AEP may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See AEP weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See AEP short-term trend chart]
A short-term downtrend had started on May 31, 2018 at 68.43 and reached 63.67 on June 6, 2018. AEP lost 4.76 points, or 6.96%, in 6 days. The price is now at the 9.24% retracement level.

Daily Technical Indicators: [See AEP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.63
Bullish
Williams' Percentage Range (W%R) 89.70
Oversold
Lane's Stochastic (%D-Slow) 11.58
Oversold Bullish
Greed/Fear Indicator (GFI) 22.17
Moving Average Converg./Diverg. (MACD) -0.53 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.54
Williams' Percentage Range (W%R) 89.00
Oversold
Lane's Stochastic (%D-Slow) 28.79
Greed/Fear Indicator (GFI) 28.53
Moving Average Converg./Diverg. (MACD) -1.00
Trading Signals
Description Value Chart
Yearly Trendline Resistance 76.02
Monthly Trendline Resistance 73.59
Yearly Trendline Support 70.98
Monthly Trendline Support 69.97
Upper Bollinger Band 68.69
Parabolic System 67.94
50 Day Moving Average 67.56
20 Day Moving Average 66.11
Weekly Stochastic Crossing 65.42
Price 64.11
Daily Stochastic Crossing 64.00
Lower Bollinger Band 63.67
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 31
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 68.43
High Date 05/31/2018
Low 63.67
Low Date 06/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.98
High Date 04/27/2018
Low 63.67
Low Date 06/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 73.59
Support 69.97
Low 63.32
Low Date 02/08/2018
High 70.98
High Date 04/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.07
High Date 12/04/2017
Low 63.32
Low Date 02/08/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 76.02
Support 70.98
Low 24.00
Low Date 03/31/2009
High 78.07
High Date 12/04/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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