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- 8/5/2022 -
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Ameren Corporation (AEE)
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|It was the negative week for the Ameren Corporation (AEE). During the week, the AEE dropped -1.82 points, or -1.95%, and closed at 91.30 on Friday, August 5, 2022. Weekly volume was 18% 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 Rising Channel chart pattern. The uptrend resistance line (71.33) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 58.74 and reached 99.20 on April 21, 2022. AEE gained -40.46 points, or -68.88%, in 108 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (91.18) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since June 3, 2022. 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 20, 2022 at 85.16 and reached 93.93 on August 2, 2022. AEE gained -8.77 points, or -10.30%, in 13 days. The price is now at the 29.99% retracement level.
Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 daily MACD line is above its signal line since July 21, 2022. This is an indication that the short-term trend is up.