The Greedy Trader Weekly Analysis
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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
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- 8/5/2022 -
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Ameren Corporation (AEE)

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Summary:
Weekly :Overbought sectorBroken trend resistance lineTrend support at 91.18
Daily :Stochastic signal line moved below overbought area
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.95
Williams' Percentage Range (W%R) 28.30
Lane's Stochastic (%D-Slow) 75.11
Greed/Fear Indicator (GFI) 73.93
Moving Average Converg./Diverg. (MACD) 0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.15
Williams' Percentage Range (W%R) 41.60
Lane's Stochastic (%D-Slow) 53.45
Greed/Fear Indicator (GFI) 53.43
Moving Average Converg./Diverg. (MACD) 0.64
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 100.67
Upper Bollinger Band 94.96
Daily Stochastic Crossing 92.38
Price 91.30
Quarterly Trendline Support 91.18
Parabolic System 89.33
50 Day Moving Average 89.28
20 Day Moving Average 89.14
Weekly Stochastic Crossing 87.78
Lower Bollinger Band 85.03
Yearly Trendline Resistance 79.63
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Multi-Utilities 83
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 93.93
High Date 08/02/2022
Low 89.42
Low Date 08/05/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.16
Low Date 07/20/2022
High 93.93
High Date 08/02/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.20
High Date 04/21/2022
Low 80.59
Low Date 06/17/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 100.67
Support 91.18
Low 58.74
Low Date 03/23/2020
High 99.20
High Date 04/21/2022
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 79.63
Support 71.33
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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