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Advanced TA SearchArchive - 7/19/2024 - Sign In to see current Signals. |
Ameren Corporation (AEE) Technical Analysis
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| Summary:
| | Weekly :![Overbought sector](images\bearish.gif) ![Williams' Percentage Range is strongly overbought](images\bearish.gif) ![Price is near the Fibonacci 23.6% retracement level](images\alert_signals.gif) ![Broken trend resistance line](images\alert_signals.gif) | | Daily :![Williams' Percentage Range is strongly overbought](images\bearish.gif) ![Stochastic has declined below the signal line](images\bearish.gif) ![Price is near the Fibonacci 23.6% retracement level](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Ameren Corporation (AEE). During the week, the AEE gained 0.94 points, or 1.27%, and closed at 74.82 on Friday, July 19, 2024. Weekly volume was -45% below 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See AEE medium-term trend chart] A medium-term downtrend had started on May 15, 2024 at 76.15 and reached 69.39 on June 26, 2024. AEE lost 6.76 points, or 8.88%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (68.88) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AEE may retest the broken resistance line. It is considered to be a support line now. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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. The weekly MACD line is above its signal line since July 5, 2024. 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 July 5, 2024 at 70.16 and reached 76.46 on July 18, 2024. AEE gained -6.30 points, or -8.98%, in 13 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See AEE daily technical indicators chart] Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since June 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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