The Greedy Trader Weekly Analysis
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Daily RSI:< 30
Number of records: 10
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Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.
Relative strength index- rsi indicator and overbought oversold index.
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RSI divergence - Bullish Bearish.
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market

AES Corp. (AES)

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Summary:
Weekly :Williams' Percentage Range is oversoldLane's Stochastic bullish divergenceBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineMACD bullish divergenceTrend support at 19.79
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It was the negative week for the AES Corp. (AES). During the week, the AES dropped -0.94 points, or -4.52%, and closed at 19.87 on Friday, May 26, 2023. Weekly volume was -8% below average.

Long-term trend: [See AES long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 8.11 and reached 29.89 on December 13, 2022. AES gained -21.78 points, or -268.56%, in 142 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (23.07) 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. 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 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 (30.01) 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 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 January 13, 2023. 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 April 12, 2023 at 25.74 and reached 19.52 on May 26, 2023. AES lost 6.22 points, or 24.16%, in 44 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (19.79) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

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. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily MACD has bullish 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 bullish divergence.

The daily MACD line is below its signal line since April 21, 2023. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.67
Williams' Percentage Range (W%R) 89.90
Oversold
Lane's Stochastic (%D-Slow) 13.92
Oversold
Greed/Fear Indicator (GFI) 18.24
Oversold
Moving Average Converg./Diverg. (MACD) -0.76 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.73
Williams' Percentage Range (W%R) 95.20
Strong Oversold
Lane's Stochastic (%D-Slow) 20.55
Bullish
Greed/Fear Indicator (GFI) 21.42
Moving Average Converg./Diverg. (MACD) -0.54 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 23.46
Yearly Trendline Support 23.07
50 Day Moving Average 22.88
20 Day Moving Average 21.58
Weekly Trendline Resistance 20.70
Parabolic System 20.48
Weekly Stochastic Crossing 20.44
Price 19.87
Weekly Trendline Support 19.79
Daily Stochastic Crossing 19.69
Lower Bollinger Band 19.59
Sector and Industry
Description Name Rank
Sector Utilities 6
Industry Electric Utilities 65
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 21.17
High Date 05/22/2023
Low 19.52
Low Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Support
Resistance 20.70
Support 19.79
High 25.74
High Date 04/12/2023
Low 19.52
Low Date 05/26/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.89
High Date 12/13/2022
Low 19.52
Low Date 05/26/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 33.43
Support 30.01
Low 18.62
Low Date 06/14/2022
High 29.89
High Date 12/13/2022
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 30.09
Support 23.07
Low 8.11
Low Date 03/18/2020
High 29.89
High Date 12/13/2022
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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