The Greedy Trader Weekly Analysis
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Archive
- 5/11/2018
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AES Corp.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the AES Corp. (AES). During the week, the AES gave back -0.04 points, or -0.32%, and closed at 12.29 on Friday, May 11, 2018. Weekly volume was 44% above average.

AES 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 AES long-term trend chart]
A long-term downtrend had started on June 30, 2014 at 15.65 and reached 8.22 on January 20, 2016. AES lost 7.43 points, or 47.48%, in 81 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (10.06) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AES may retest the broken resistance line. It is considered to be a support line now. 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 AES medium-term trend chart]
A medium-term downtrend had started on September 23, 2016 at 13.32 and reached 9.86 on February 9, 2018. AES lost 3.46 points, or 25.98%, in 72 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (9.57) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AES may retest the broken resistance line. It is considered to be a support line now. 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 Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 23, 2018. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See AES short-term trend chart]
A short-term downtrend had started on April 27, 2018 at 12.45 and reached 11.66 on May 8, 2018. AES lost 0.79 points, or 6.35%, in 11 days. The price is now at the 79.75% retracement level.

Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.80
Williams' Percentage Range (W%R) 10.10
Overbought
Lane's Stochastic (%D-Slow) 63.84
Greed/Fear Indicator (GFI) 71.52
Moving Average Converg./Diverg. (MACD) 0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.57
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 90.62
Strong Overbought
Greed/Fear Indicator (GFI) 83.39
Overbought
Moving Average Converg./Diverg. (MACD) 0.07
Trading Signals
Description Value Chart
Upper Bollinger Band 12.51
Parabolic System 12.42
Price 12.29
Weekly Stochastic Crossing 12.29
Daily Stochastic Crossing 12.09
20 Day Moving Average 12.04
Yearly Trendline Resistance 11.63
Lower Bollinger Band 11.47
50 Day Moving Average 11.44
Quarterly Trendline Resistance 10.44
Yearly Trendline Support 10.06
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Electric Utilities 115
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 11.66
Low Date 05/08/2018
High 12.38
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 12.45
High Date 04/27/2018
Low 11.66
Low Date 05/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.86
Low Date 02/09/2018
High 12.45
High Date 04/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 10.44
Support 9.57
High 13.32
High Date 09/23/2016
Low 9.86
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 11.63
Support 10.06
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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