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Archive
- 5/26/2023 -
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FirstEnergy Corp. (FE) |
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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 -1.05 points, or -2.78%, and closed at 36.71 on Friday, May 26, 2023. Weekly volume was -27% below average.
 Long-term trend: [See FE long-term trend chart]
A long-term uptrend had started on July 22, 2020 at 22.85 and reached 48.85 on April 21, 2022. FE gained -26.00 points, or -113.79%, in 91 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (39.93) 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. FE 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 FE medium-term trend chart]
A medium-term uptrend had started on June 17, 2022 at 35.32 and reached 43.31 on January 17, 2023. FE gained -7.99 points, or -22.62%, in 30 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (36.14) 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 medium-term trend.
 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 April 28, 2023. The distance between MACD and the signal line is low, but getting bigger. 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 12, 2023 at 41.99 and reached 36.45 on May 26, 2023. FE lost 5.54 points, or 13.19%, in 44 days. Price is near the trend low.
 Daily Technical Indicators: [See FE 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. 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 divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 19, 2023. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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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