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American Electric Power (AEP) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the American Electric Power (AEP). During the week, the AEP dropped -4.31 points, or -4.98%, and closed at 82.25 on Friday, May 26, 2023. Weekly volume was -7% below average.
 Long-term trend: [See AEP long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 65.14 and reached 105.60 on September 12, 2022. AEP gained -40.46 points, or -62.11%, in 129 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (98.07) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AEP may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See AEP medium-term trend chart]
A medium-term downtrend had started on December 13, 2022 at 100.32 and reached 81.32 on May 26, 2023. AEP lost 19.00 points, or 18.94%, in 23 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See AEP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since May 12, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See AEP short-term trend chart]
A short-term downtrend had started on April 6, 2023 at 96.05 and reached 81.32 on May 26, 2023. AEP lost 14.73 points, or 15.34%, in 50 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See AEP daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since April 25, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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