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S&P 500 Overbought StocksArchive
- 12/13/2024 -
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Ameren Corporation (AEE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Ameren Corporation (AEE). During the week, the AEE dropped -1.95 points, or -2.12%, and closed at 89.84 on Friday, December 13, 2024. Weekly volume was -36% below average.
 Long-term trend: [See AEE long-term trend chart]
A long-term uptrend had started on February 13, 2024 at 67.03 and reached 95.53 on November 27, 2024. AEE gained -28.50 points, or -42.52%, in 41 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.94 and resistance is at 93.19. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on June 26, 2024 at 69.39 and reached 95.53 on November 27, 2024. AEE gained -26.14 points, or -37.67%, in 22 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See AEE 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 July 5, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See AEE short-term trend chart]
A short-term downtrend had started on November 27, 2024 at 95.53 and reached 89.39 on December 13, 2024. AEE lost 6.14 points, or 6.43%, in 16 days. The price is now at the 7.33% retracement level.
 Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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