The Greedy Trader Weekly Analysis
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Weekly W%R:< 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 9/13/2024 -
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AES Corp. (AES) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Williams' Percentage Range is overboughtPrice has crossed above the 50 Day Moving AverageStochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price touches the upper Bollinger Band
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It was a first positive week for the AES Corp. (AES). During the week, the AES gained 2.35 points, or 14.52%, and closed at 18.54 on Friday, September 13, 2024. Weekly volume was 10% above average.

AES 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 AES long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 11.43 and reached 22.21 on May 31, 2024. AES gained -10.78 points, or -94.31%, in 34 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (19.33) is broken. A broken support is considered to be a long-term bearish signal. 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 May 31, 2024 at 22.21 and reached 16.00 on August 5, 2024. AES lost 6.21 points, or 27.96%, in 9 weeks. The price is now at the 40.90% retracement level.

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

The weekly MACD line is below its signal line since July 5, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AES short-term trend chart]
A short-term uptrend had started on September 9, 2024 at 16.11 and reached 18.65 on September 13, 2024. AES gained -2.54 points, or -15.77%, in 4 days. Price is near the trend high.

Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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. 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the upper Bollinger Band. 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.85
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 62.17
Greed/Fear Indicator (GFI) 68.27
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.62
Williams' Percentage Range (W%R) 62.30
Lane's Stochastic (%D-Slow) 36.10
Greed/Fear Indicator (GFI) 40.88
Moving Average Converg./Diverg. (MACD) -0.05
Trading Signals
Description Value Chart
Quarterly Trendline Support 19.33
Upper Bollinger Band 18.54
Price 18.54
Daily Stochastic Crossing 18.05
20 Day Moving Average 17.32
50 Day Moving Average 17.32
Weekly Stochastic Crossing 17.07
Parabolic System 16.34
Lower Bollinger Band 16.06
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 16.11
Low Date 09/09/2024
High 18.65
High Date 09/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.23
High Date 08/23/2024
Low 16.11
Low Date 09/09/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 22.21
High Date 05/31/2024
Low 16.00
Low Date 08/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 23.44
Support 19.33
Low 11.43
Low Date 10/06/2023
High 22.21
High Date 05/31/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.89
High Date 12/13/2022
Low 11.43
Low Date 10/06/2023
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.