The Greedy Trader Weekly Analysis
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- 10/2/2026 -
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FirstEnergy Corp. (FE) Technical Analysis

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Summary:
Weekly :Oversold sectorWilliams' Percentage Range and Lane's Stochastic are oversoldTrend support at 42.87Trend support at 43.43
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the FirstEnergy Corp. (FE). During the week, the FE climbed 0.04 points, or 0.09%, and closed at 43.34 on Friday, October 2, 2026. Weekly volume was 10% above 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 price is near the trend support (42.87) 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 long-term trend.

Medium-term trend: [See FE medium-term trend chart]
A medium-term downtrend had started on July 28, 2026 at 50.45 and reached 42.67 on September 28, 2026. FE lost 7.78 points, or 15.42%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (43.43) 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 and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 7, 2026. This is an indication that the medium-term trend is down. 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 September 4, 2026 at 47.24 and reached 42.67 on September 28, 2026. FE lost 4.57 points, or 9.67%, in 24 days. The chart has formed a Broadening Descending Wedge chart pattern.

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.

The daily MACD line is below its signal line since September 14, 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 price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 24.44
Williams' Percentage Range (W%R) 79.40
Lane's Stochastic (%D-Slow) 23.67
Greed/Fear Indicator (GFI) 22.89
Moving Average Converg./Diverg. (MACD) -0.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.91
Williams' Percentage Range (W%R) 87.90
Oversold
Lane's Stochastic (%D-Slow) 10.93
Oversold
Greed/Fear Indicator (GFI) 20.87
Moving Average Converg./Diverg. (MACD) -0.13
Trading Signals
Description Value Chart
Upper Bollinger Band 47.12
50 Day Moving Average 46.35
Weekly Trendline Resistance 44.88
20 Day Moving Average 44.80
Weekly Trendline Support 43.43
Price 43.34
Weekly Stochastic Crossing 43.20
Daily Stochastic Crossing 43.18
Quarterly Trendline Support 42.87
Parabolic System 42.63
Lower Bollinger Band 42.04
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 17
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 47.24
High Date 09/04/2026
Low 42.67
Low Date 09/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Support
Resistance 44.88
Support 43.43
High 50.45
High Date 07/28/2026
Low 42.67
Low Date 09/28/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.34
High Date 04/09/2026
Low 42.67
Low Date 09/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 53.22
Support 42.87
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.