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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Alliant Energy Corp (LNT) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Alliant Energy Corp (LNT). During the week, the LNT dropped -0.95 points, or -1.93%, and closed at 48.39 on Friday, March 15, 2024. Weekly volume was 31% above average. LNT 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 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. The price is now at the 16.02% retracement level. Medium-term trend: [See LNT medium-term trend chart] A medium-term downtrend had started on December 14, 2023 at 53.85 and reached 46.80 on March 1, 2024. LNT lost 7.05 points, or 13.09%, in 11 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (46.14) 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 LNT weekly technical indicators chart] Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help. The weekly MACD line is below its signal line since February 2, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 March 11, 2024 at 49.97 and reached 47.76 on March 14, 2024. LNT lost 2.21 points, or 4.42%, in 3 days. The price is now at the 28.51% retracement level. Daily Technical Indicators: [See LNT daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since February 14, 2024. The distance between MACD and the signal line is low and getting smaller. 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. 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. 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.
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