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Advanced TA SearchArchive
- 8/30/2024 -
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AES Corp. (AES) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the AES Corp. (AES). During the week, the AES dropped -0.95 points, or -5.25%, and closed at 17.13 on Friday, August 30, 2024. Weekly volume was -37% 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 October 6, 2023 at 11.43 and reached 22.21 on May 31, 2024. AES gained -10.78 points, or -94.31%, in 34 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (19.03) is broken. A broken support is considered to be a long-term bearish signal. 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 May 31, 2024 at 22.21 and reached 16.00 on August 5, 2024. AES lost 6.21 points, or 27.96%, in 9 weeks. The price is now at the 18.20% retracement level.
 Weekly Technical Indicators: [See AES weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 5, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 23, 2024 at 18.23 and reached 16.98 on August 29, 2024. AES lost 1.25 points, or 6.86%, in 6 days. The price is now at the 12.00% retracement level.
Daily Technical Indicators: [See AES daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 daily MACD line is above its signal line since August 12, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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.
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