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- 9/22/2023 -
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Ameren Corporation (AEE) Technical Analysis
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|It was the negative week for the Ameren Corporation (AEE). During the week, the AEE gave back -0.56 points, or -0.69%, and closed at 80.21 on Friday, September 22, 2023. AEE was trading at average weekly trading volume. |
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 71.49 and resistance is at 107.51. 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 July 26, 2023 at 88.72 and reached 76.65 on September 5, 2023. AEE lost 12.07 points, or 13.60%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (74.73) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
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 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.
The weekly MACD line is below its signal line since August 4, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 September 5, 2023 at 76.65 and reached 81.65 on September 15, 2023. AEE gained -5.00 points, or -6.52%, in 10 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since September 7, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
The price is close to 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.