The Greedy Trader Weekly Analysis
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Ameren Corporation
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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 4 consecutive negative weeks for the Ameren Corporation (AEE). During the week, the AEE gained 0.96 points, or 1.49%, and closed at 65.55 on Friday, January 11, 2019. Weekly volume was -12% below average.

AEE is a member of Utilities Sector. Utilities is the most overbought 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 70.95 on December 4, 2018. AEE gained -51.44 points, or -263.66%, in 507 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 46.30 and resistance is at 70.58. 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 February 6, 2018 at 51.89 and reached 70.95 on December 4, 2018. AEE gained -19.06 points, or -36.73%, in 43 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (68.70) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since December 21, 2018. Use the following link to access a MACD help.

Short-term trend: [See AEE short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 62.51 and reached 65.96 on December 28, 2018. AEE gained -3.45 points, or -5.52%, in 2 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (64.33) 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 short-term trend.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 44.39
Williams' Percentage Range (W%R) 61.70
Lane's Stochastic (%D-Slow) 64.37
Greed/Fear Indicator (GFI) 49.03
Moving Average Converg./Diverg. (MACD) -0.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.99
Williams' Percentage Range (W%R) 58.90
Lane's Stochastic (%D-Slow) 48.05
Greed/Fear Indicator (GFI) 47.08
Moving Average Converg./Diverg. (MACD) 1.94
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 70.84
Yearly Trendline Resistance 70.58
Upper Bollinger Band 69.62
Quarterly Trendline Support 68.70
50 Day Moving Average 67.07
20 Day Moving Average 65.77
Weekly Stochastic Crossing 65.65
Price 65.55
Daily Stochastic Crossing 65.16
Weekly Trendline Support 64.33
Monthly Trendline Support 64.33
Weekly Trendline Resistance 63.33
Monthly Trendline Resistance 63.21
Parabolic System 63.00
Lower Bollinger Band 61.87
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 129
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.68
Low Date 01/07/2019
High 65.89
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 63.33
Support 64.33
Low 62.51
Low Date 12/26/2018
High 65.96
High Date 12/28/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 63.21
Support 64.33
High 70.95
High Date 12/04/2018
Low 62.51
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 70.84
Support 68.70
Low 51.89
Low Date 02/06/2018
High 70.95
High Date 12/04/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 70.58
Support 46.30
Low 19.51
Low Date 03/12/2009
High 70.95
High Date 12/04/2018
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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