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|It was a second consecutive positive week for the AES Corp. (AES). During the week, the AES gained 0.61 points, or 3.45%, and closed at 18.31 on Friday, March 15, 2019. Weekly volume was -23% 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 18.39 on March 15, 2019. AES gained -8.53 points, or -86.51%, in 57 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 18.39 on March 15, 2019. AES gained -4.84 points, or -35.72%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 18.21 and resistance is at 19.00. 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 Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 February 19, 2019 at 16.86 and reached 18.39 on March 15, 2019. AES gained -1.53 points, or -9.07%, in 24 days. The price is now at the 5.23% retracement level.
Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price touches the upper Bollinger Band. 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.