The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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Ameren Corporation
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergenceTrend resistance at 62.79
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal line
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It was a third consecutive positive week for the Ameren Corporation (AEE). During the week, the AEE climbed 0.33 points, or 0.53%, and closed at 62.78 on Friday, August 10, 2018. Weekly volume was -31% 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 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 45.16 and resistance is at 68.32. 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 63.41 on August 10, 2018. AEE gained -11.52 points, or -22.20%, in 26 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (62.79). 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 medium-term trend.

Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 13, 2018. This is an indication that the medium-term trend is up. 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 July 24, 2018 at 59.94 and reached 63.41 on August 10, 2018. AEE gained -3.47 points, or -5.79%, in 17 days. The price is now at the 18.16% retracement level.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.23
Williams' Percentage Range (W%R) 12.10
Overbought
Lane's Stochastic (%D-Slow) 86.78
Overbought
Greed/Fear Indicator (GFI) 81.30
Overbought
Moving Average Converg./Diverg. (MACD) 0.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.02
Williams' Percentage Range (W%R) 4.40
Strong Overbought
Lane's Stochastic (%D-Slow) 89.36
Overbought
Greed/Fear Indicator (GFI) 82.88
Overbought
Moving Average Converg./Diverg. (MACD) 0.62 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 68.32
Daily Stochastic Crossing 63.06
Upper Bollinger Band 63.05
Quarterly Trendline Resistance 62.79
Price 62.78
Weekly Stochastic Crossing 62.75
Parabolic System 61.94
20 Day Moving Average 61.83
Lower Bollinger Band 60.58
50 Day Moving Average 60.10
Quarterly Trendline Support 58.19
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 133
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 60.78
Low Date 08/01/2018
High 63.41
High Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.94
Low Date 07/24/2018
High 63.41
High Date 08/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.21
Low Date 06/12/2018
High 63.41
High Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 62.79
Support 58.19
Low 51.89
Low Date 02/06/2018
High 63.41
High Date 08/10/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 68.32
Support 45.16
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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