The Greedy Trader Weekly Analysis
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Ameren Corporation
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the Ameren Corporation (AEE). During the week, the AEE dropped -1.62 points, or -2.84%, and closed at 55.51 on Friday, April 13, 2018. Weekly volume was -9% below average.

AEE is a member of Utilities Sector. Utilities is the second 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 41.26 and resistance is at 66.56. 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 Falling Pennant chart pattern. The downtrend resistance line (54.63) is broken. A broken support is considered to be a long-term bullish 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 resistance line 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 15, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 March 7, 2018 at 53.08 and reached 57.92 on April 6, 2018. AEE gained -4.84 points, or -9.12%, in 30 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 54.88 and resistance is at 58.90. 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 short-term trend.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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.

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 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.

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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.76
Williams' Percentage Range (W%R) 58.30
Lane's Stochastic (%D-Slow) 25.95
Greed/Fear Indicator (GFI) 43.12
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.65
Williams' Percentage Range (W%R) 70.40
Lane's Stochastic (%D-Slow) 65.44
Greed/Fear Indicator (GFI) 48.21
Moving Average Converg./Diverg. (MACD) -0.77
Trading Signals
Description Value Chart
Yearly Trendline Resistance 66.56
Weekly Trendline Resistance 58.90
Monthly Trendline Resistance 58.08
Parabolic System 57.75
Upper Bollinger Band 57.72
Weekly Stochastic Crossing 56.54
20 Day Moving Average 55.91
Price 55.51
Daily Stochastic Crossing 55.45
50 Day Moving Average 55.12
Weekly Trendline Support 54.88
Monthly Trendline Support 54.63
Quarterly Trendline Support 54.63
Lower Bollinger Band 54.03
Quarterly Trendline Resistance 52.00
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Diversified Utilities 90
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 57.92
High Date 04/06/2018
Low 55.01
Low Date 04/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 58.90
Support 54.88
Low 53.08
Low Date 03/07/2018
High 57.92
High Date 04/06/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 58.08
Support 54.63
Low 51.89
Low Date 02/06/2018
High 57.92
High Date 04/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 52.00
Support 54.63
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 66.56
Support 41.26
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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