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Electric Utilities Industry Stocks Technical Analysis - AES

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- 11/22/2024 -
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AES Corp. (AES) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergenceDaily  MACD line has moved above its signal lineThe period of high volatility of the stock price
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It was the negative week for the AES Corp. (AES). During the week, the AES dropped -0.51 points, or -3.67%, and closed at 13.39 on Friday, November 22, 2024. Weekly volume was 49% 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 downtrend had started on December 13, 2022 at 29.89 and reached 11.43 on October 6, 2023. AES lost 18.46 points, or 61.76%, in 42 weeks. The price is now at the 10.62% retracement level.

Medium-term trend: [See AES medium-term trend chart]
A medium-term downtrend had started on October 1, 2024 at 20.30 and reached 13.04 on November 21, 2024. AES lost 7.26 points, or 35.76%, in 7 weeks. Price is near the trend low.

Weekly Technical Indicators: [See AES weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 14, 2024 at 14.36 and reached 13.04 on November 21, 2024. AES lost 1.32 points, or 9.19%, in 7 days. The price is now at the 26.52% retracement level.

Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The distance between the Bollinger Bands is 105.84% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.00
Williams' Percentage Range (W%R) 94.20
Strong Oversold
Lane's Stochastic (%D-Slow) 25.82
Bullish
Greed/Fear Indicator (GFI) 20.20
Moving Average Converg./Diverg. (MACD) -1.00 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.34
Williams' Percentage Range (W%R) 96.60
Strong Oversold
Lane's Stochastic (%D-Slow) 10.15
Oversold
Greed/Fear Indicator (GFI) 17.85
Oversold
Moving Average Converg./Diverg. (MACD) -0.29
Trading Signals
Description Value Chart
Upper Bollinger Band 16.98
50 Day Moving Average 16.85
20 Day Moving Average 14.48
Parabolic System 13.57
Weekly Stochastic Crossing 13.56
Price 13.39
Daily Stochastic Crossing 13.36
Lower Bollinger Band 12.10
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 14.36
High Date 11/14/2024
Low 13.04
Low Date 11/21/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 14.36
High Date 11/14/2024
Low 13.04
Low Date 11/21/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.30
High Date 10/01/2024
Low 13.04
Low Date 11/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 22.21
High Date 05/31/2024
Low 13.04
Low Date 11/21/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.89
High Date 12/13/2022
Low 11.43
Low Date 10/06/2023
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.