The Greedy Trader Weekly Analysis
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American Electric Power (AEP)

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Summary:
Weekly :
Daily :Stochastic signal line moved below overbought areaDaily  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 American Electric Power (AEP). During the week, the AEP dropped -1.17 points, or -1.33%, and closed at 86.88 on Friday, July 31, 2020. Weekly volume was 100% above average.

Long-term trend: [See AEP long-term trend chart]
A long-term uptrend had started on March 31, 2009 at 24.00 and reached 104.97 on February 4, 2020. AEP gained -80.97 points, or -337.38%, in 566 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.20 and resistance is at 95.82. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See AEP medium-term trend chart]
A medium-term uptrend had started on May 14, 2020 at 76.23 and reached 89.93 on July 24, 2020. AEP gained -13.70 points, or -17.97%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 78.83 and resistance is at 90.23. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since July 2, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See AEP short-term trend chart]
A short-term downtrend had started on July 24, 2020 at 89.93 and reached 79.23 on July 27, 2020. AEP lost 10.70 points, or 11.90%, in 3 days. The price is now at the 71.50% retracement level.

Daily Technical Indicators: [See AEP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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.

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) 56.21
Williams' Percentage Range (W%R) 39.20
Lane's Stochastic (%D-Slow) 55.33
Greed/Fear Indicator (GFI) 57.46
Moving Average Converg./Diverg. (MACD) 1.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.96
Williams' Percentage Range (W%R) 32.70
Lane's Stochastic (%D-Slow) 64.01
Greed/Fear Indicator (GFI) 62.50
Moving Average Converg./Diverg. (MACD) -2.26
Trading Signals
Description Value Chart
Yearly Trendline Resistance 95.82
Weekly Trendline Resistance 90.23
Upper Bollinger Band 89.54
Parabolic System 89.18
Price 86.88
Weekly Stochastic Crossing 86.27
Daily Stochastic Crossing 85.62
20 Day Moving Average 85.33
50 Day Moving Average 83.53
Lower Bollinger Band 80.84
Weekly Trendline Support 78.83
Yearly Trendline Support 72.20
Sector and Industry
Description Name Rank
Sector Utilities 5
Industry Electric Utilities 45
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 89.93
High Date 07/24/2020
Low 79.23
Low Date 07/27/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 90.23
Support 78.83
Low 76.23
Low Date 05/14/2020
High 89.93
High Date 07/24/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.14
Low Date 03/23/2020
High 89.93
High Date 07/24/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.97
High Date 02/04/2020
Low 65.14
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 95.82
Support 72.20
Low 24.00
Low Date 03/31/2009
High 104.97
High Date 02/04/2020
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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