The Greedy Trader Weekly Analysis
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Daily RSI:< 20
Number of records: 4
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 5/31/2024 -
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Ameren Corporation (AEE) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Stochastic has raised above the signal linePrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Ameren Corporation (AEE). During the week, the AEE gained 2.03 points, or 2.85%, and closed at 73.37 on Friday, May 31, 2024. Weekly volume was 19% 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 downtrend had started on April 21, 2022 at 99.20 and reached 67.03 on February 13, 2024. AEE lost 32.17 points, or 32.43%, in 94 weeks. The price is now at the 19.71% retracement level.

Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 67.03 and reached 76.15 on May 15, 2024. AEE gained -9.12 points, or -13.61%, in 13 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 72.06 and resistance is at 77.00. 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 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 March 1, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AEE short-term trend chart]
A short-term uptrend had started on May 29, 2024 at 70.00 and reached 73.45 on May 31, 2024. AEE gained -3.45 points, or -4.93%, in 2 days. Price is near the trend high.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily technical indicators are neutral. 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. 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 below its signal line since May 16, 2024.

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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 44.72
Williams' Percentage Range (W%R) 69.10
Lane's Stochastic (%D-Slow) 23.39
Greed/Fear Indicator (GFI) 33.00
Moving Average Converg./Diverg. (MACD) -0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.76
Williams' Percentage Range (W%R) 46.60
Lane's Stochastic (%D-Slow) 64.97
Greed/Fear Indicator (GFI) 56.24
Moving Average Converg./Diverg. (MACD) -1.14
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 77.00
Upper Bollinger Band 76.07
Parabolic System 74.43
Weekly Stochastic Crossing 73.68
20 Day Moving Average 73.56
Price 73.37
50 Day Moving Average 73.26
Quarterly Trendline Support 72.06
Daily Stochastic Crossing 71.34
Lower Bollinger Band 70.05
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Multi-Utilities 105
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.00
Low Date 05/29/2024
High 73.45
High Date 05/31/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.00
Low Date 05/29/2024
High 73.45
High Date 05/31/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.15
High Date 05/15/2024
Low 70.00
Low Date 05/29/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 77.00
Support 72.06
Low 67.03
Low Date 02/13/2024
High 76.15
High Date 05/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.20
High Date 04/21/2022
Low 67.03
Low Date 02/13/2024
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.