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Electric Utilities Industry Stocks Technical Analysis - AEPArchive
- 11/22/2024 -
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American Electric Power (AEP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the American Electric Power (AEP). During the week, the AEP gained 1.28 points, or 1.33%, and closed at 97.59 on Friday, November 22, 2024. Weekly volume was -19% below average.
AEP 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 AEP long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 69.39 and reached 105.18 on September 16, 2024. AEP gained -35.79 points, or -51.58%, in 49 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 96.21 and resistance is at 108.10. 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 long-term trend.
 Medium-term trend: [See AEP medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 105.18 and reached 92.51 on November 13, 2024. AEP lost 12.67 points, or 12.05%, in 8 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See AEP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 11, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See AEP short-term trend chart]
A short-term uptrend had started on November 13, 2024 at 92.51 and reached 98.52 on November 22, 2024. AEP gained -6.01 points, or -6.50%, in 9 days. The price is now at the 15.47% retracement level.
 Daily Technical Indicators: [See AEP daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above 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.
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