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S&P 500 Oversold StocksArchive
- 11/8/2024 -
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AES Corp. (AES) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the AES Corp. (AES). During the week, the AES dropped -1.11 points, or -7.55%, and closed at 13.60 on Friday, November 8, 2024. Weekly volume was 178% above average.
AES is a member of Utilities Sector. Utilities is the second 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 AES long-term trend chart]
A long-term downtrend had started on December 13, 2022 at 29.89 and reached 11.43 on October 6, 2023. AES lost 18.46 points, or 61.76%, in 42 weeks. The price is now at the 11.76% retracement level.
 Medium-term trend: [See AES medium-term trend chart]
A medium-term downtrend had started on October 1, 2024 at 20.30 and reached 13.30 on November 8, 2024. AES lost 7.00 points, or 34.48%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (16.08) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See AES 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. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 weekly MACD line is below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. 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 October 28, 2024 at 17.37 and reached 13.30 on November 8, 2024. AES lost 4.07 points, or 23.43%, in 11 days. The price is now at the 7.37% retracement level.
 Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since October 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands (38.24%) is close to one year high (27.06%). It is 124.19% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
8 |
| Industry |
Electric Utilities |
54 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
17.37 |
| High Date |
10/28/2024 |
| Low |
13.30 |
| Low Date |
11/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
17.37 |
| High Date |
10/28/2024 |
| Low |
13.30 |
| Low Date |
11/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Support |
| Resistance |
15.82 |
| Support |
16.08 |
| High |
20.30 |
| High Date |
10/01/2024 |
| Low |
13.30 |
| Low Date |
11/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
22.21 |
| High Date |
05/31/2024 |
| Low |
13.30 |
| Low Date |
11/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
29.89 |
| High Date |
12/13/2022 |
| Low |
11.43 |
| Low Date |
10/06/2023 |
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