The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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Alliant Energy Corp (LNT) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support linePrice is near the Fibonacci 23.6% retracement level
Daily :Bearish Deliberation CandlestickBroken trend resistance lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Alliant Energy Corp (LNT). During the week, the LNT gained 1.82 points, or 3.79%, and closed at 49.82 on Friday, April 19, 2024. It was the best weekly gain since November 3, 2023. LNT was trading at average weekly trading volume.

LNT 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 LNT long-term trend chart]
A long-term downtrend had started on April 11, 2022 at 65.37 and reached 45.15 on October 3, 2023. LNT lost 20.22 points, or 30.93%, in 77 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See LNT medium-term trend chart]
A medium-term uptrend had started on March 1, 2024 at 46.80 and reached 50.61 on April 1, 2024. LNT gained -3.81 points, or -8.14%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (50.43) 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 medium-term trend.

Weekly Technical Indicators: [See LNT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 22, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See LNT short-term trend chart]
A short-term downtrend had started on April 1, 2024 at 50.61 and reached 47.23 on April 16, 2024. LNT lost 3.38 points, or 6.68%, in 15 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (46.72) 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 short-term trend.

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

The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Candlestick pattern: [See LNT candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.93
Williams' Percentage Range (W%R) 48.80
Lane's Stochastic (%D-Slow) 42.25
Greed/Fear Indicator (GFI) 48.12
Moving Average Converg./Diverg. (MACD) -0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.84
Williams' Percentage Range (W%R) 69.40
Lane's Stochastic (%D-Slow) 58.09
Greed/Fear Indicator (GFI) 47.25
Moving Average Converg./Diverg. (MACD) -0.65
Trading Signals
Description Value Chart
Monthly Trendline Resistance 51.25
Monthly Trendline Support 50.43
Upper Bollinger Band 50.39
Price 49.82
Weekly Trendline Resistance 49.19
Weekly Stochastic Crossing 49.08
20 Day Moving Average 48.99
50 Day Moving Average 48.64
Daily Stochastic Crossing 48.58
Lower Bollinger Band 47.27
Parabolic System 47.18
Weekly Trendline Support 46.72
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Electric Utilities 83
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 47.23
Low Date 04/16/2024
High 49.92
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 49.19
Support 46.72
High 50.61
High Date 04/01/2024
Low 47.23
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 51.25
Support 50.43
Low 46.80
Low Date 03/01/2024
High 50.61
High Date 04/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.85
High Date 12/14/2023
Low 46.80
Low Date 03/01/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.37
High Date 04/11/2022
Low 45.15
Low Date 10/03/2023
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.