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Downtrend Broken Resist.Archive
- 7/31/2026 -
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FirstEnergy Corp. (FE) Technical Analysis
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| Summary:
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| | It was the negative week for the FirstEnergy Corp. (FE). During the week, the FE dropped -1.61 points, or -3.23%, and closed at 48.31 on Friday, July 31, 2026. It was the worst weekly loss since May 8, 2026. Weekly volume was 41% above 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 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 42.24 and resistance is at 52.59. 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 44.90 and resistance is at 55.40. 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 above its signal line since July 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 May 15, 2026 at 43.73 and reached 50.45 on July 28, 2026. FE gained -6.72 points, or -15.37%, in 74 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See FE daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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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