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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
American Electric Power (AEP) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the American Electric Power (AEP). During the week, the AEP dropped -1.73 points, or -2.06%, and closed at 82.11 on Friday, March 15, 2024. Weekly volume was 21% above average. AEP is a member of Utilities Sector. Utilities is the most oversold 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 AEP long-term trend chart] A long-term downtrend had started on September 12, 2022 at 105.60 and reached 69.39 on October 6, 2023. AEP lost 36.21 points, or 34.29%, in 55 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (64.51) 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 long-term trend. Medium-term trend: [See AEP medium-term trend chart] A medium-term uptrend had started on October 6, 2023 at 69.39 and reached 86.15 on March 5, 2024. AEP gained -16.76 points, or -24.15%, in 21 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Weekly Technical Indicators: [See AEP weekly technical indicators chart] Weekly technical indicators are neutral. 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. The weekly MACD line is above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See AEP short-term trend chart] A short-term uptrend had started on February 8, 2024 at 75.22 and reached 86.15 on March 5, 2024. AEP gained -10.93 points, or -14.53%, in 26 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (87.27) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend. Daily Technical Indicators: [See AEP 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. 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.
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