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 sectorWilliams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceTrend resistance at 71.40
Daily :The price touches the upper Bollinger Band
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It was a first positive week for the Ameren Corporation (AEE). During the week, the AEE gained 0.77 points, or 1.09%, and closed at 71.70 on Friday, March 8, 2019. Weekly volume was -15% 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 72.36 on February 25, 2019. AEE gained -52.85 points, or -270.89%, in 519 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (71.40). 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 72.36 on February 25, 2019. AEE gained -20.47 points, or -39.45%, in 54 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 64.69 and resistance is at 76.12. 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 medium-term trend.

Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 February 8, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 4, 2019 at 70.42 and reached 71.90 on March 7, 2019. AEE gained -1.48 points, or -2.10%, in 3 days. The price is now at the 13.51% retracement level.

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

The daily MACD line is below its signal line since February 26, 2019. The distance between MACD and the signal line is low, but getting bigger.

The price touches the upper Bollinger Band. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.39
Williams' Percentage Range (W%R) 27.80
Lane's Stochastic (%D-Slow) 61.54
Greed/Fear Indicator (GFI) 66.04
Moving Average Converg./Diverg. (MACD) 0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.18
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 86.21
Overbought
Greed/Fear Indicator (GFI) 75.31
Moving Average Converg./Diverg. (MACD) 1.75 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 76.12
Upper Bollinger Band 71.90
Price 71.70
Weekly Stochastic Crossing 71.41
Yearly Trendline Resistance 71.40
Daily Stochastic Crossing 71.09
20 Day Moving Average 70.71
Parabolic System 70.62
Lower Bollinger Band 69.06
50 Day Moving Average 68.24
Quarterly Trendline Support 64.69
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.42
Low Date 03/04/2019
High 71.90
High Date 03/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.42
Low Date 03/04/2019
High 71.90
High Date 03/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.51
Low Date 12/26/2018
High 72.36
High Date 02/25/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 76.12
Support 64.69
Low 51.89
Low Date 02/06/2018
High 72.36
High Date 02/25/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 71.40
Support 46.72
Low 19.51
Low Date 03/12/2009
High 72.36
High Date 02/25/2019
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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