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Downtrend Broken Resist.Archive
- 2/14/2025 -
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American Electric Power (AEP) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a sixth consecutive positive week for the American Electric Power (AEP). During the week, the AEP gained 1.40 points, or 1.39%, and closed at 101.80 on Friday, February 14, 2025. Weekly volume was 11% above average.
AEP 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 AEP long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 69.39 and reached 105.18 on September 16, 2024. AEP gained -35.79 points, or -51.58%, in 49 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 91.58 and resistance is at 115.20. 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 AEP medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 105.18 and reached 89.91 on January 8, 2025. AEP lost 15.27 points, or 14.52%, in 16 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (88.02) 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. AEP 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 AEP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See AEP short-term trend chart]
A short-term uptrend had started on January 8, 2025 at 89.91 and reached 103.05 on January 27, 2025. AEP gained -13.14 points, or -14.61%, in 19 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 100.94 and resistance is at 102.41. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
 Daily Technical Indicators: [See AEP daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since January 7, 2025. 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.
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