The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/30/2026 -
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FirstEnergy Corp. (FE) Technical Analysis

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Summary:
Weekly :
Daily :Stochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergenceThe price has fallen below the Parabolic SAR
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It was a first positive week for the FirstEnergy Corp. (FE). During the week, the FE gained 0.78 points, or 1.68%, and closed at 47.34 on Friday, January 30, 2026. Weekly volume was -9% below average.

Long-term trend: [See FE long-term trend chart]
A long-term uptrend had started on October 3, 2023 at 32.18 and reached 48.20 on October 23, 2025. FE gained -16.02 points, or -49.78%, in 107 weeks. The price is now at the 5.37% retracement level.

Medium-term trend: [See FE medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 37.58 and reached 48.20 on October 23, 2025. FE gained -10.62 points, or -28.26%, in 28 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 45.46 and resistance is at 50.89. 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 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 December 5, 2025. 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 uptrend had started on December 16, 2025 at 43.88 and reached 47.94 on January 29, 2026. FE gained -4.06 points, or -9.25%, in 44 days. The price is now at the 14.78% retracement level.

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 below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish 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 bearish 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 above its signal line since December 23, 2025. This is an indication that the short-term trend is up.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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) 77.73
Williams' Percentage Range (W%R) 23.30
Lane's Stochastic (%D-Slow) 77.34
Bearish
Greed/Fear Indicator (GFI) 77.24
Moving Average Converg./Diverg. (MACD) 0.48 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.90
Williams' Percentage Range (W%R) 20.80
Lane's Stochastic (%D-Slow) 52.30
Greed/Fear Indicator (GFI) 61.67
Moving Average Converg./Diverg. (MACD) 0.90
Trading Signals
Description Value Chart
Monthly Trendline Resistance 50.89
Upper Bollinger Band 48.70
Parabolic System 47.99
Daily Stochastic Crossing 47.54
Price 47.34
Weekly Stochastic Crossing 46.29
20 Day Moving Average 46.17
50 Day Moving Average 45.68
Monthly Trendline Support 45.46
Lower Bollinger Band 44.14
Sector and Industry
Description Name Rank
Sector Utilities 3
Industry Electric Utilities 41
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.30
Low Date 01/07/2026
High 47.94
High Date 01/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.88
Low Date 12/16/2025
High 47.94
High Date 01/29/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 50.89
Support 45.46
Low 37.58
Low Date 04/09/2025
High 48.20
High Date 10/23/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.18
Low Date 10/03/2023
High 48.20
High Date 10/23/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.85
Low Date 07/22/2020
High 48.85
High Date 04/21/2022
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.