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|It was the negative week for the AES Corp. (AES). During the week, the AES dropped -0.35 points, or -2.60%, and closed at 13.11 on Friday, September 07, 2018. Weekly volume was 8% above 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 14.11 on August 23, 2018. AES gained -4.25 points, or -43.10%, in 27 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (13.65) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AES may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.
Medium-term trend: [See AES medium-term trend chart]
A medium-term downtrend had started on August 23, 2018 at 14.11 and reached 13.08 on September 7, 2018. AES lost 1.03 points, or 7.30%, in 2 weeks. Price is near the trend low.
Weekly Technical Indicators: [See AES weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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.
The weekly MACD line is above its signal line since February 23, 2018. The distance between MACD and the signal line is low and 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 August 29, 2018 at 14.10 and reached 13.08 on September 7, 2018. AES lost 1.02 points, or 7.23%, in 9 days. Price is near the trend low.
Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since August 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.