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Archive
- 7/10/2026 -
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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 -0.61 points, or -1.26%, and closed at 47.92 on Friday, July 10, 2026. It was the worst weekly loss since May 8, 2026. Weekly volume was -21% below average.
FE is a member of Utilities Sector. Utilities is the second 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 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 42.03 and resistance is at 52.38. 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 Broadening Ascending Wedge chart pattern. The trend support level is at 44.58 and resistance is at 54.82. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 24, 2026. The distance between MACD and the signal line is low and 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 price is near the trend resistance line (42.41). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.
Daily Technical Indicators: [See FE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 19, 2026. The distance between MACD and the signal line is low and getting smaller.
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