The Greedy Trader Weekly Analysis
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Number of records: 8
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Ameren Corporation
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Summary:
Weekly :Overbought sectorBroken trend resistance lineTrend resistance at 70.00
Daily :Daily  MACD line has moved below its signal lineBroken trend resistance line
Move cursor over the icon to see details.

It was a first positive week for the Ameren Corporation (AEE). During the week, the AEE gained 0.87 points, or 1.28%, and closed at 68.62 on Friday, November 30, 2018. Weekly volume was -11% 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 70.68 on November 20, 2018. AEE gained -51.17 points, or -262.28%, in 505 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (70.00). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 70.68 on November 20, 2018. AEE gained -18.79 points, or -36.21%, in 41 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (64.82) 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 medium-term trend.

Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 13, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 November 20, 2018 at 70.68 and reached 67.06 on November 26, 2018. AEE lost 3.62 points, or 5.12%, in 6 days. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (67.39) 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 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 below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.31
Williams' Percentage Range (W%R) 36.10
Lane's Stochastic (%D-Slow) 31.77
Greed/Fear Indicator (GFI) 51.31
Moving Average Converg./Diverg. (MACD) 0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.97
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 71.06
Greed/Fear Indicator (GFI) 66.87
Moving Average Converg./Diverg. (MACD) 1.87
Trading Signals
Description Value Chart
Upper Bollinger Band 70.88
Yearly Trendline Resistance 70.00
Parabolic System 69.40
Weekly Stochastic Crossing 68.86
Price 68.62
Daily Stochastic Crossing 68.31
Weekly Trendline Resistance 68.31
20 Day Moving Average 67.64
Weekly Trendline Support 67.39
50 Day Moving Average 65.79
Quarterly Trendline Resistance 65.31
Quarterly Trendline Support 64.82
Lower Bollinger Band 64.31
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 131
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 67.31
Low Date 11/29/2018
High 68.69
High Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 68.31
Support 67.39
High 70.68
High Date 11/20/2018
Low 67.06
Low Date 11/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.06
Low Date 09/26/2018
High 70.68
High Date 11/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 65.31
Support 64.82
Low 51.89
Low Date 02/06/2018
High 70.68
High Date 11/20/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 70.00
Support 46.01
Low 19.51
Low Date 03/12/2009
High 70.68
High Date 11/20/2018
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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