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|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.