The Greedy Trader Weekly Analysis
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Weekly W%R:< 20
Number of records: 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/19/2024 -
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Ameren Corporation (AEE) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Broken trend resistance lineThe price has risen above the Parabolic SARThe 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 2.12 points, or 2.95%, and closed at 73.88 on Friday, April 19, 2024. Weekly volume was -25% 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. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 38.99 and resistance is at 79.07. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 67.03 and reached 74.35 on April 2, 2024. AEE gained -7.32 points, or -10.92%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 72.66 and resistance is at 74.75. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge 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 downtrend had started on April 2, 2024 at 74.35 and reached 70.10 on April 16, 2024. AEE lost 4.25 points, or 5.72%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (69.38) 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 short-term trend.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.16
Williams' Percentage Range (W%R) 37.90
Lane's Stochastic (%D-Slow) 45.58
Greed/Fear Indicator (GFI) 53.62
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.98
Williams' Percentage Range (W%R) 62.10
Lane's Stochastic (%D-Slow) 75.16
Greed/Fear Indicator (GFI) 56.77
Moving Average Converg./Diverg. (MACD) -2.09
Trading Signals
Description Value Chart
Yearly Trendline Resistance 79.07
Monthly Trendline Resistance 74.75
Upper Bollinger Band 74.42
Price 73.88
Weekly Trendline Resistance 73.44
Weekly Stochastic Crossing 73.27
Monthly Trendline Support 72.66
20 Day Moving Average 72.53
Daily Stochastic Crossing 72.20
50 Day Moving Average 71.71
Lower Bollinger Band 70.32
Parabolic System 70.03
Weekly Trendline Support 69.38
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Multi-Utilities 87
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.10
Low Date 04/16/2024
High 74.12
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 73.44
Support 69.38
High 74.35
High Date 04/02/2024
Low 70.10
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 74.75
Support 72.66
Low 67.03
Low Date 02/13/2024
High 74.35
High Date 04/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.44
High Date 12/13/2022
Low 67.03
Low Date 02/13/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 79.07
Support 38.99
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.