The Greedy Trader Weekly Analysis
Sign In Sep 14, 2018
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Number of records: 15
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AES Corp.
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend support line
Daily :Price has crossed below the 50 Day Moving AverageLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the AES Corp. (AES). During the week, the AES dropped -0.35 points, or -2.60%, and closed at 13.11 on Friday, September 07, 2018. Weekly volume was 8% 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 uptrend had started on February 9, 2018 at 9.86 and reached 14.11 on August 23, 2018. AES gained -4.25 points, or -43.10%, in 27 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (13.65) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AES may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.

Medium-term trend: [See AES medium-term trend chart]
A medium-term downtrend had started on August 23, 2018 at 14.11 and reached 13.08 on September 7, 2018. AES lost 1.03 points, or 7.30%, in 2 weeks. Price is near the trend low.

Weekly Technical Indicators: [See AES weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since February 23, 2018. The distance between MACD and the signal line is low and 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 August 29, 2018 at 14.10 and reached 13.08 on September 7, 2018. AES lost 1.02 points, or 7.23%, in 9 days. Price is near the trend low.

Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since August 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.44
Williams' Percentage Range (W%R) 92.20
Strong Oversold
Lane's Stochastic (%D-Slow) 13.49
Oversold
Greed/Fear Indicator (GFI) 15.57
Oversold
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.04
Williams' Percentage Range (W%R) 37.50
Lane's Stochastic (%D-Slow) 78.80
Greed/Fear Indicator (GFI) 63.71
Moving Average Converg./Diverg. (MACD) 0.57
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 14.25
Upper Bollinger Band 14.20
Parabolic System 13.82
Weekly Stochastic Crossing 13.77
20 Day Moving Average 13.69
Quarterly Trendline Support 13.65
50 Day Moving Average 13.43
Daily Stochastic Crossing 13.23
Price 13.11
Lower Bollinger Band 12.96
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 132
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 14.10
High Date 08/29/2018
Low 13.08
Low Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 14.10
High Date 08/29/2018
Low 13.08
Low Date 09/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 14.11
High Date 08/23/2018
Low 13.08
Low Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 14.25
Support 13.65
Low 9.86
Low Date 02/09/2018
High 14.11
High Date 08/23/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.22
Low Date 01/20/2016
High 14.11
High Date 08/23/2018
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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