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|It was a first positive week after 3 consecutive negative weeks for the Ameren Corporation (AEE). During the week, the AEE gained 0.94 points, or 1.63%, and closed at 58.78 on Friday, October 06, 2017. It was the best weekly gain since August 25, 2017. Weekly volume was -11% below average. |
AEE is a member of Utilities Sector. Utilities is the second 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 AEE long-term trend chart]
A long-term uptrend had started on March 12, 2009 at 19.51 and reached 60.91 on September 11, 2017. AEE gained -41.40 points, or -212.20%, in 443 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 40.06 and resistance is at 61.88. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on July 6, 2017 at 53.54 and reached 60.91 on September 11, 2017. AEE gained -7.37 points, or -13.77%, in 9 weeks. The price is now at the 28.90% retracement level.
Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly technical indicators are neutral.
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 AEE short-term trend chart]
A short-term downtrend had started on September 11, 2017 at 60.91 and reached 57.56 on September 28, 2017. AEE lost 3.35 points, or 5.50%, in 17 days. The chart has formed a Falling Wedge chart pattern.
Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 30, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (59.1) comes close to the price (58.78). It indicates that the trend is getting weaker. 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.
The price is close to 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.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.