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S&P 500 Oversold StocksArchive
- 3/17/2023 -
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AES Corp. (AES) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the AES Corp. (AES). During the week, the AES dropped -0.87 points, or -3.74%, and closed at 22.39 on Friday, March 17, 2023. On Friday AES has reached 22.29 - the lowest level since September 30, 2022. Weekly volume was 7% above average.
 Long-term trend: [See AES long-term trend chart]
A long-term uptrend had started on June 14, 2022 at 18.62 and reached 29.89 on December 13, 2022. AES gained -11.27 points, or -60.53%, in 26 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (27.68) 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. AES 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 AES medium-term trend chart]
A medium-term downtrend had started on December 13, 2022 at 29.89 and reached 22.29 on March 17, 2023. AES lost 7.60 points, or 25.43%, in 13 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See AES weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Williams' Percentage Range or strongly oversold weekly 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since January 13, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See AES short-term trend chart]
A short-term downtrend had started on February 15, 2023 at 26.77 and reached 22.29 on March 17, 2023. AES lost 4.48 points, or 16.74%, in 30 days. Price is near the trend low.
 Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since February 17, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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