The Greedy Trader Weekly Analysis
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- 6/5/2026 -
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FirstEnergy Corp. (FE) Technical Analysis

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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversold
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARBroken trend resistance line
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It was a third positive week after 5 consecutive negative weeks for the FirstEnergy Corp. (FE). During the week, the FE climbed 0.03 points, or 0.06%, and closed at 46.42 on Friday, June 5, 2026. Weekly volume was 17% above average.

Long-term trend: [See FE long-term trend chart]
A long-term uptrend had started on October 3, 2023 at 32.18 and reached 52.34 on April 9, 2026. FE gained -20.16 points, or -62.65%, in 131 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 41.70 and resistance is at 52.05. 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 long-term trend.

Medium-term trend: [See FE medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 37.58 and reached 52.34 on April 9, 2026. FE gained -14.76 points, or -39.28%, in 52 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (48.18) 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 medium-term trend.

Weekly Technical Indicators: [See FE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since April 24, 2026. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See FE short-term trend chart]
A short-term downtrend had started on April 9, 2026 at 52.34 and reached 43.73 on May 15, 2026. FE lost 8.61 points, or 16.45%, in 36 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (45.28) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See FE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since May 19, 2026.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.96
Williams' Percentage Range (W%R) 36.30
Lane's Stochastic (%D-Slow) 39.09
Greed/Fear Indicator (GFI) 58.25
Moving Average Converg./Diverg. (MACD) -0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.51
Williams' Percentage Range (W%R) 74.70
Lane's Stochastic (%D-Slow) 15.06
Oversold
Greed/Fear Indicator (GFI) 27.46
Moving Average Converg./Diverg. (MACD) 0.80
Trading Signals
Description Value Chart
Monthly Trendline Resistance 53.71
Quarterly Trendline Resistance 52.05
Monthly Trendline Support 48.18
50 Day Moving Average 47.83
Upper Bollinger Band 47.79
Parabolic System 46.99
Price 46.42
Weekly Trendline Resistance 45.96
Daily Stochastic Crossing 45.88
20 Day Moving Average 45.35
Weekly Trendline Support 45.28
Weekly Stochastic Crossing 45.20
Lower Bollinger Band 44.28
Quarterly Trendline Support 41.70
Sector and Industry
Description Name Rank
Sector Utilities 3
Industry Electric Utilities 48
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 43.73
Low Date 05/15/2026
High 47.14
High Date 05/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 45.96
Support 45.28
High 52.34
High Date 04/09/2026
Low 43.73
Low Date 05/15/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 53.71
Support 48.18
Low 37.58
Low Date 04/09/2025
High 52.34
High Date 04/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 52.05
Support 41.70
Low 32.18
Low Date 10/03/2023
High 52.34
High Date 04/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.85
Low Date 07/22/2020
High 52.34
High Date 04/09/2026
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.