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Archive - 1/10/2025 - Sign In to see current Signals. |
Ameren Corporation (AEE) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Ameren Corporation (AEE). During the week, the AEE gave back -0.81 points, or -0.91%, and closed at 88.04 on Friday, January 10, 2025. Weekly volume was -17% below average. Long-term trend: [See AEE long-term trend chart] A long-term uptrend had started on February 13, 2024 at 67.03 and reached 95.53 on November 27, 2024. AEE gained -28.50 points, or -42.52%, in 41 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.88 and resistance is at 99.52. 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 downtrend had started on November 27, 2024 at 95.53 and reached 86.42 on December 19, 2024. AEE lost 9.11 points, or 9.54%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 86.93 and resistance is at 89.04. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend. Weekly Technical Indicators: [See AEE weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since December 13, 2024. This is an indication that the medium-term trend is down. 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 26, 2024 at 91.10 and reached 86.81 on January 6, 2025. AEE lost 4.29 points, or 4.71%, in 11 days. The price is now at the 28.67% retracement level. Daily Technical Indicators: [See AEE daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger. 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.
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