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.
Resistance Trend Line,Trend Line Resistance,Trend Line Support,Support Resistance,support and resistance,chart trend line,trend support

American Electric Power (AEP)

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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a second consecutive positive week for the American Electric Power (AEP). During the week, the AEP climbed 0.90 points, or 0.91%, and closed at 99.46 on Friday, August 5, 2022. Weekly volume was -11% below 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 March 31, 2009 at 24.00 and reached 104.97 on February 4, 2020. AEP gained -80.97 points, or -337.38%, in 566 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 78.70 and resistance is at 105.68. 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 uptrend had started on March 23, 2020 at 65.14 and reached 104.81 on April 6, 2022. AEP gained -39.67 points, or -60.90%, in 106 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 86.33 and resistance is at 108.24. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AEP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 10, 2022. 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 July 21, 2022 at 92.06 and reached 100.35 on August 4, 2022. AEP gained -8.29 points, or -9.00%, in 14 days. The price is now at the 10.74% retracement level.

Daily Technical Indicators: [See AEP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range 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) 79.36
Williams' Percentage Range (W%R) 4.90
Strong Overbought
Lane's Stochastic (%D-Slow) 91.38
Strong Overbought
Greed/Fear Indicator (GFI) 88.60
Overbought
Moving Average Converg./Diverg. (MACD) 0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.44
Williams' Percentage Range (W%R) 28.30
Lane's Stochastic (%D-Slow) 51.72
Greed/Fear Indicator (GFI) 57.90
Moving Average Converg./Diverg. (MACD) 1.79
Trading Signals
Description Value Chart
Monthly Trendline Resistance 111.81
Quarterly Trendline Resistance 108.24
Yearly Trendline Resistance 105.68
Upper Bollinger Band 101.65
Daily Stochastic Crossing 99.73
Price 99.46
Parabolic System 97.12
50 Day Moving Average 96.28
20 Day Moving Average 96.04
Weekly Stochastic Crossing 94.82
Lower Bollinger Band 92.11
Quarterly Trendline Support 86.33
Monthly Trendline Support 84.99
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Electric Utilities 85
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 92.06
Low Date 07/21/2022
High 100.35
High Date 08/04/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.81
High Date 04/06/2022
Low 87.63
Low Date 06/17/2022
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 111.81
Support 84.99
Low 74.80
Low Date 02/26/2021
High 104.81
High Date 04/06/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 108.24
Support 86.33
Low 65.14
Low Date 03/23/2020
High 104.81
High Date 04/06/2022
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 105.68
Support 78.70
Low 24.00
Low Date 03/31/2009
High 104.97
High Date 02/04/2020
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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