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Downtrend Broken Resist.Archive
- 1/2/2026 -
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FirstEnergy Corp. (FE) Technical Analysis
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| Summary:
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| | It was a second positive week after 3 consecutive negative weeks for the FirstEnergy Corp. (FE). During the week, the FE climbed 0.41 points, or 0.91%, and closed at 45.26 on Friday, January 2, 2026. Weekly volume was -35% below average.
FE is a member of Utilities Sector. Utilities is the second 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 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 44.56 and resistance is at 49.91. 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 downtrend had started on October 23, 2025 at 48.20 and reached 43.88 on December 16, 2025. FE lost 4.32 points, or 8.96%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 43.35 and resistance is at 47.28. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending 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 December 5, 2025. 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 uptrend had started on December 16, 2025 at 43.88 and reached 45.42 on January 2, 2026. FE gained -1.54 points, or -3.51%, in 17 days. The price is now at the 10.39% retracement level.
 Daily Technical Indicators: [See FE daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 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 moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 2.92% on Friday. It is 58.41% lower than one year average. It indicates the period of low volatility of the stock price. 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.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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