The Greedy Trader Weekly Analysis
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- 8/21/2026 -
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FirstEnergy Corp. (FE) Technical Analysis

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Summary:
Weekly :Oversold sector
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergence
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It was the negative week for the FirstEnergy Corp. (FE). During the week, the FE dropped -1.45 points, or -3.06%, and closed at 45.96 on Friday, August 21, 2026. Weekly volume was -19% below average.

FE is a member of Utilities Sector. Utilities is the most oversold 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 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 44.83 and resistance is at 54.06. 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 May 15, 2026 at 43.73 and reached 50.45 on July 28, 2026. FE gained -6.72 points, or -15.37%, in 10 weeks. The price is now at the 66.82% retracement level.

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

The weekly MACD line is below its signal line since August 7, 2026. 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 July 28, 2026 at 50.45 and reached 45.92 on August 21, 2026. FE lost 4.53 points, or 8.98%, in 24 days. Price is near the trend low.

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 above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since July 29, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 21.48
Williams' Percentage Range (W%R) 72.10
Lane's Stochastic (%D-Slow) 33.35
Bullish
Greed/Fear Indicator (GFI) 27.57
Moving Average Converg./Diverg. (MACD) -0.25 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.60
Williams' Percentage Range (W%R) 59.90
Lane's Stochastic (%D-Slow) 53.20
Greed/Fear Indicator (GFI) 47.25
Moving Average Converg./Diverg. (MACD) 0.28
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 54.06
Upper Bollinger Band 49.37
Parabolic System 48.31
Weekly Stochastic Crossing 47.94
50 Day Moving Average 47.90
20 Day Moving Average 47.72
Daily Stochastic Crossing 46.67
Price 45.96
Lower Bollinger Band 45.62
Quarterly Trendline Support 44.83
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 15
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 50.45
High Date 07/28/2026
Low 45.92
Low Date 08/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.73
Low Date 05/15/2026
High 50.45
High Date 07/28/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 54.06
Support 44.83
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.