The Greedy Trader Weekly Analysis
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Number of records: 10
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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
AES Corp.
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergence
Move cursor over the icon to see details.

It was a sixth consecutive positive week for the AES Corp. (AES). During the week, the AES gained 0.54 points, or 3.24%, and closed at 17.22 on Friday, February 8, 2019. Weekly volume was -32% 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 uptrend had started on February 9, 2018 at 9.86 and reached 17.23 on February 8, 2019. AES gained -7.37 points, or -74.75%, in 52 weeks. Price is near the trend high.

Medium-term trend: [See AES medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 13.55 and reached 17.23 on February 8, 2019. AES gained -3.68 points, or -27.16%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 16.62 and resistance is at 17.40. 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 AES weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AES short-term trend chart]
A short-term uptrend had started on January 14, 2019 at 14.78 and reached 17.23 on February 8, 2019. AES gained -2.45 points, or -16.58%, in 25 days. Price is near the trend high.

Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since January 7, 2019. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 98.27
Strong Overbought
Williams' Percentage Range (W%R) 6.10
Strong Overbought
Lane's Stochastic (%D-Slow) 96.06
Strong Overbought
Greed/Fear Indicator (GFI) 96.07
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.41 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.66
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 81.40
Overbought
Greed/Fear Indicator (GFI) 78.46
Moving Average Converg./Diverg. (MACD) 0.63
Trading Signals
Description Value Chart
Upper Bollinger Band 17.49
Monthly Trendline Resistance 17.40
Price 17.22
Daily Stochastic Crossing 17.17
Weekly Stochastic Crossing 16.82
Parabolic System 16.79
Monthly Trendline Support 16.62
20 Day Moving Average 16.10
50 Day Moving Average 15.46
Lower Bollinger Band 14.91
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Electric Utilities 132
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 14.78
Low Date 01/14/2019
High 17.23
High Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.78
Low Date 01/14/2019
High 17.23
High Date 02/08/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 17.40
Support 16.62
Low 13.55
Low Date 12/26/2018
High 17.23
High Date 02/08/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.86
Low Date 02/09/2018
High 17.23
High Date 02/08/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.22
Low Date 01/20/2016
High 17.23
High Date 02/08/2019
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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