The Greedy Trader Weekly Analysis
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Daily MACD Divergence:Bearish
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Moving Average Convergence Divergence (MACD)
Moving Average Convergence Divergence (MACD indicator) was developed by Gerald Appel, and it represents the relationship between two moving averages. MACD crossover with the signal line warns about the trend weakening. MACD dramatic rise represents an overbought/oversold condition and indicates the trend exhaustion. The MACD divergence between price and indicator is the one of the most popular buy/sell MACD signals.
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Ameren Corporation (AEE)

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Summary:
Weekly :Overbought sector
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Ameren Corporation (AEE). During the week, the AEE dropped -3.47 points, or -3.85%, and closed at 86.68 on Friday, January 20, 2023. It was the worst weekly loss since October 7, 2022. Weekly volume was 21% above average.

AEE 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 AEE long-term trend chart]
A long-term uptrend had started on March 12, 2009 at 19.51 and reached 99.20 on April 21, 2022. AEE gained -79.69 points, or -408.46%, in 684 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 69.01 and resistance is at 103.14. 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 downtrend had started on April 21, 2022 at 99.20 and reached 73.28 on October 13, 2022. AEE lost 25.92 points, or 26.13%, in 25 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 67.23 and resistance is at 95.39. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 25, 2022. 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 January 12, 2023 at 90.92 and reached 84.95 on January 20, 2023. AEE lost 5.97 points, or 6.57%, in 8 days. The price is now at the 28.98% retracement level.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Williams' Percentage Range help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.70
Williams' Percentage Range (W%R) 82.60
Oversold
Lane's Stochastic (%D-Slow) 41.47
Greed/Fear Indicator (GFI) 32.86
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.30
Williams' Percentage Range (W%R) 44.90
Lane's Stochastic (%D-Slow) 70.62
Greed/Fear Indicator (GFI) 61.04
Moving Average Converg./Diverg. (MACD) -0.74
Trading Signals
Description Value Chart
Yearly Trendline Resistance 103.14
Quarterly Trendline Resistance 95.39
Upper Bollinger Band 90.97
Monthly Trendline Resistance 90.92
Parabolic System 90.77
Weekly Stochastic Crossing 90.17
20 Day Moving Average 88.73
50 Day Moving Average 87.58
Daily Stochastic Crossing 86.77
Price 86.68
Monthly Trendline Support 86.13
Lower Bollinger Band 85.59
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Multi-Utilities 73
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 90.92
High Date 01/12/2023
Low 84.95
Low Date 01/20/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.44
High Date 12/13/2022
Low 84.95
Low Date 01/20/2023
Description Value
Direction Up
Chart Pattern Rectangle
Status Valid
Resistance 90.92
Support 86.13
Low 73.28
Low Date 10/13/2022
High 92.44
High Date 12/13/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 95.39
Support 67.23
High 99.20
High Date 04/21/2022
Low 73.28
Low Date 10/13/2022
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 103.14
Support 69.01
Low 19.51
Low Date 03/12/2009
High 99.20
High Date 04/21/2022
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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