The Greedy Trader Weekly Analysis
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AES Corp.
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Summary:
Weekly :Oversold sectorOversold industryBroken trend resistance line
Daily :The price touches the upper Bollinger Band
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It was a third consecutive positive week for the AES Corp. (AES). During the week, the AES gained 0.17 points, or 1.56%, and closed at 11.04 on Friday, January 12, 2018. It was the best weekly gain since November 17, 2017. Weekly volume was 42% above average.

AES is a member of Utilities Sector. Utilities is the most oversold sector. AES is a member of Electric Utilities Industry. Electric Utilities is the seventh most oversold industry. 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 AES long-term trend chart]
A long-term downtrend had started on September 23, 2016 at 13.32 and reached 10.02 on November 10, 2017. AES lost 3.30 points, or 24.77%, in 59 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 9.50 and resistance is at 11.23. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See AES medium-term trend chart]
A medium-term downtrend had started on June 14, 2017 at 12.05 and reached 10.02 on November 10, 2017. AES lost 2.03 points, or 16.85%, in 21 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (9.75) 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 AES weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 29, 2017. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AES short-term trend chart]
A short-term uptrend had started on December 20, 2017 at 10.43 and reached 11.14 on January 12, 2018. AES gained -0.71 points, or -6.81%, in 23 days. The price is now at the 14.08% retracement level.

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

The daily MACD line is above its signal line since January 10, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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) 73.86
Williams' Percentage Range (W%R) 23.90
Lane's Stochastic (%D-Slow) 66.51
Greed/Fear Indicator (GFI) 72.14
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.45
Williams' Percentage Range (W%R) 36.70
Lane's Stochastic (%D-Slow) 66.50
Greed/Fear Indicator (GFI) 59.52
Moving Average Converg./Diverg. (MACD) -0.16
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 11.23
Upper Bollinger Band 11.06
Price 11.04
Daily Stochastic Crossing 10.97
Weekly Stochastic Crossing 10.92
20 Day Moving Average 10.78
50 Day Moving Average 10.70
Parabolic System 10.65
Lower Bollinger Band 10.56
Monthly Trendline Resistance 10.54
Monthly Trendline Support 9.75
Quarterly Trendline Support 9.50
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 7
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 10.43
Low Date 12/20/2017
High 11.14
High Date 01/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.02
Low Date 11/10/2017
High 11.14
High Date 01/12/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 10.54
Support 9.75
High 12.05
High Date 06/14/2017
Low 10.02
Low Date 11/10/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 11.23
Support 9.50
High 13.32
High Date 09/23/2016
Low 10.02
Low Date 11/10/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 15.65
High Date 06/30/2014
Low 8.22
Low Date 01/20/2016
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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