The Greedy Trader Weekly Analysis
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Ameren Corporation
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
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It was the negative week for the Ameren Corporation (AEE). During the week, the AEE dropped -0.64 points, or -1.03%, and closed at 61.39 on Friday, July 13, 2018. AEE was trading at average weekly trading volume.

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 64.89 on November 15, 2017. AEE gained -45.38 points, or -232.60%, in 452 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 41.84 and resistance is at 67.89. 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 15, 2017 at 64.89 and reached 51.89 on February 6, 2018. AEE lost 13.00 points, or 20.03%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 56.86 and resistance is at 62.16. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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.

The weekly MACD line is above its signal line since April 13, 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 June 12, 2018 at 55.21 and reached 62.15 on July 6, 2018. AEE gained -6.94 points, or -12.57%, in 24 days. The price is now at the 10.95% retracement level.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since June 18, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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) 69.78
Williams' Percentage Range (W%R) 12.70
Overbought
Lane's Stochastic (%D-Slow) 57.21
Greed/Fear Indicator (GFI) 71.42
Moving Average Converg./Diverg. (MACD) 0.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.56
Williams' Percentage Range (W%R) 8.60
Strong Overbought
Lane's Stochastic (%D-Slow) 70.89
Greed/Fear Indicator (GFI) 73.53
Moving Average Converg./Diverg. (MACD) 0.04
Trading Signals
Description Value Chart
Yearly Trendline Resistance 67.89
Upper Bollinger Band 62.98
Quarterly Trendline Resistance 62.16
Monthly Trendline Resistance 61.81
Parabolic System 61.75
Price 61.39
Daily Stochastic Crossing 61.16
Weekly Stochastic Crossing 60.95
20 Day Moving Average 60.04
50 Day Moving Average 58.36
Monthly Trendline Support 57.21
Lower Bollinger Band 57.20
Quarterly Trendline Support 56.86
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 120
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 62.15
High Date 07/06/2018
Low 59.15
Low Date 07/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.21
Low Date 06/12/2018
High 62.15
High Date 07/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 61.81
Support 57.21
Low 51.89
Low Date 02/06/2018
High 62.15
High Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Rising Channel
Status Valid
Resistance 62.16
Support 56.86
High 64.89
High Date 11/15/2017
Low 51.89
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 67.89
Support 41.84
Low 19.51
Low Date 03/12/2009
High 64.89
High Date 11/15/2017
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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