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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Archive
- 7/6/2018
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AES Corp.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the AES Corp. (AES). During the week, the AES dropped -0.41 points, or -3.06%, and closed at 13.00 on Friday, July 06, 2018. It was the worst weekly loss since February 9, 2018. Weekly volume was -16% below 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 (10.18) 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 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 (9.39) 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 AES weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 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 relatively 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 June 28, 2018 at 13.56 and reached 12.80 on July 5, 2018. AES lost 0.76 points, or 5.60%, in 7 days. The price is now at the 26.32% retracement level.

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

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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.59
Williams' Percentage Range (W%R) 62.50
Lane's Stochastic (%D-Slow) 42.53
Greed/Fear Indicator (GFI) 42.54
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.06
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 82.03
Overbought
Greed/Fear Indicator (GFI) 75.21
Moving Average Converg./Diverg. (MACD) 0.39
Trading Signals
Description Value Chart
Monthly Trendline Resistance 13.89
Parabolic System 13.50
Upper Bollinger Band 13.36
Weekly Stochastic Crossing 13.25
20 Day Moving Average 13.06
Daily Stochastic Crossing 13.05
Price 13.00
Monthly Trendline Support 12.77
50 Day Moving Average 12.63
Lower Bollinger Band 12.62
Yearly Trendline Resistance 11.47
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 112
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 13.56
High Date 06/28/2018
Low 12.80
Low Date 07/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 13.56
High Date 06/28/2018
Low 12.80
Low Date 07/05/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 13.89
Support 12.77
Low 9.86
Low Date 02/09/2018
High 13.56
High Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 10.18
Support 9.39
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 11.47
Support 10.18
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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