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Archive
- 12/13/2024 -
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FirstEnergy Corp. (FE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the FirstEnergy Corp. (FE). During the week, the FE dropped -0.70 points, or -1.71%, and closed at 40.27 on Friday, December 13, 2024. Weekly volume was -23% below average.
 Long-term trend: [See FE long-term trend chart]
A long-term downtrend had started on February 18, 2020 at 52.52 and reached 22.85 on July 22, 2020. FE lost 29.67 points, or 56.49%, in 22 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 35.68 and resistance is at 44.40. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See FE medium-term trend chart]
A medium-term downtrend had started on September 5, 2024 at 44.97 and reached 40.07 on December 11, 2024. FE lost 4.90 points, or 10.90%, in 13 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See FE 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. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 FE short-term trend chart]
A short-term downtrend had started on November 27, 2024 at 42.87 and reached 40.07 on December 11, 2024. FE lost 2.80 points, or 6.53%, in 14 days. The price is now at the 7.14% retracement level.
 Daily Technical Indicators: [See FE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since December 4, 2024. This is an indication that the short-term trend is down.
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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 |
5 |
| Industry |
Electric Utilities |
42 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
42.87 |
| High Date |
11/27/2024 |
| Low |
40.07 |
| Low Date |
12/11/2024 |
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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 |
42.87 |
| High Date |
11/27/2024 |
| Low |
40.07 |
| Low Date |
12/11/2024 |
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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 |
44.97 |
| High Date |
09/05/2024 |
| Low |
40.07 |
| Low Date |
12/11/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
32.18 |
| Low Date |
10/03/2023 |
| High |
44.97 |
| High Date |
09/05/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Valid |
| Resistance |
44.40 |
| Support |
35.68 |
| High |
52.52 |
| High Date |
02/18/2020 |
| Low |
22.85 |
| Low Date |
07/22/2020 |
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