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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.
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- 1/8/2021 -
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Ameren Corporation (AEE)

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Summary:
Weekly :Oversold sectorOversold industryBroken trend resistance lineLane's Stochastic is oversoldBroken trend support line
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Ameren Corporation (AEE). During the week, the AEE dropped -3.06 points, or -3.92%, and closed at 75.00 on Friday, January 8, 2021. It was the worst weekly loss since November 20, 2020. Weekly volume was 28% above average.

AEE is a member of Utilities Sector. Utilities is the second most oversold sector. AEE is a member of Multi-Utilities Industry. Multi-Utilities is the fifth most oversold industry. 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 AEE long-term trend chart]
A long-term uptrend had started on March 12, 2009 at 19.51 and reached 87.66 on March 4, 2020. AEE gained -68.15 points, or -349.31%, in 572 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (64.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 58.74 and reached 86.90 on November 9, 2020. AEE gained -28.16 points, or -47.94%, in 33 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (85.24) 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. AEE 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 AEE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since November 20, 2020. Use the following link to access a MACD help.

Short-term trend: [See AEE short-term trend chart]
A short-term downtrend had started on December 17, 2020 at 79.66 and reached 73.99 on January 7, 2021. AEE lost 5.67 points, or 7.12%, in 21 days. The price is now at the 17.81% retracement level.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

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 declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.21
Williams' Percentage Range (W%R) 53.60
Lane's Stochastic (%D-Slow) 19.65
Oversold
Greed/Fear Indicator (GFI) 33.42
Moving Average Converg./Diverg. (MACD) -0.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.12
Williams' Percentage Range (W%R) 79.60
Lane's Stochastic (%D-Slow) 10.56
Oversold
Greed/Fear Indicator (GFI) 24.98
Moving Average Converg./Diverg. (MACD) 0.76
Trading Signals
Description Value Chart
Monthly Trendline Resistance 88.81
Monthly Trendline Support 85.24
Upper Bollinger Band 79.23
50 Day Moving Average 79.01
20 Day Moving Average 76.90
Parabolic System 76.60
Weekly Stochastic Crossing 75.10
Price 75.00
Daily Stochastic Crossing 74.78
Lower Bollinger Band 74.45
Yearly Trendline Resistance 73.10
Yearly Trendline Support 64.80
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Multi-Utilities 5
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 79.66
High Date 12/17/2020
Low 73.99
Low Date 01/07/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.90
High Date 11/09/2020
Low 73.99
Low Date 01/07/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 88.81
Support 85.24
Low 58.74
Low Date 03/23/2020
High 86.90
High Date 11/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 87.66
High Date 03/04/2020
Low 58.74
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 73.10
Support 64.80
Low 19.51
Low Date 03/12/2009
High 87.66
High Date 03/04/2020
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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