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Price vs. Upper Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
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- 1/15/2021 -
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AES Corp. (AES)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtOversold sectorOversold industry
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBearish Advance Block Candlestick
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It was a eighth consecutive positive week for the AES Corp. (AES). During the week, the AES gained 2.18 points, or 8.58%, and closed at 27.60 on Friday, January 15, 2021. Weekly volume was 6% above average.

AES is a member of Utilities Sector. Utilities is the second most oversold sector. AES is a member of Electric Utilities Industry. Electric Utilities is the eighth most oversold industry. 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 March 18, 2020 at 8.11 and reached 27.82 on January 15, 2021. AES gained -19.71 points, or -243.03%, in 43 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (24.02) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 uptrend had started on September 4, 2020 at 17.13 and reached 27.82 on January 15, 2021. AES gained -10.69 points, or -62.41%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (22.08) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 19, 2020. 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 December 30, 2020 at 22.66 and reached 27.82 on January 15, 2021. AES gained -5.16 points, or -22.77%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since December 14, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Candlestick pattern: [See AES candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.78
Overbought
Williams' Percentage Range (W%R) 9.40
Strong Overbought
Lane's Stochastic (%D-Slow) 96.43
Strong Overbought
Greed/Fear Indicator (GFI) 90.26
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.06
Overbought
Williams' Percentage Range (W%R) 5.10
Strong Overbought
Lane's Stochastic (%D-Slow) 90.12
Strong Overbought
Greed/Fear Indicator (GFI) 84.21
Overbought
Moving Average Converg./Diverg. (MACD) 1.55
Trading Signals
Description Value Chart
Upper Bollinger Band 27.84
Daily Stochastic Crossing 27.68
Price 27.60
Weekly Stochastic Crossing 27.36
Quarterly Trendline Resistance 25.97
Parabolic System 25.69
Monthly Trendline Support 24.62
20 Day Moving Average 24.28
Yearly Trendline Support 24.02
Monthly Trendline Resistance 23.74
50 Day Moving Average 22.30
Lower Bollinger Band 21.24
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Electric Utilities 8
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22.66
Low Date 12/30/2020
High 27.82
High Date 01/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.66
Low Date 12/30/2020
High 27.82
High Date 01/15/2021
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 23.74
Support 24.62
Low 20.27
Low Date 12/02/2020
High 27.82
High Date 01/15/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 25.97
Support 22.08
Low 17.13
Low Date 09/04/2020
High 27.82
High Date 01/15/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 21.36
Support 24.02
Low 8.11
Low Date 03/18/2020
High 27.82
High Date 01/15/2021
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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