The Greedy Trader Weekly Analysis
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Price vs. Parabolic:Crossover
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Parabolic SAR Crossover - Stock market timing signals.
The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.
parabolic sar,Parabolic SAR Crossover,stock market timing signals

FirstEnergy Corp. (FE)

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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the FirstEnergy Corp. (FE). During the week, the FE dropped -0.47 points, or -1.21%, and closed at 38.53 on Friday, November 19, 2021. Weekly volume was -90% below average.

Long-term trend: [See FE long-term trend chart]
A long-term uptrend had started on July 22, 2020 at 22.85 and reached 39.94 on September 2, 2021. FE gained -17.09 points, or -74.79%, in 58 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 33.18 and resistance is at 41.57. 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 October 13, 2021 at 35.42 and reached 39.82 on November 2, 2021. FE gained -4.40 points, or -12.42%, in 2 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (38.93) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support 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 July 9, 2021. 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 November 9, 2021 at 37.89 and reached 39.77 on November 16, 2021. FE gained -1.88 points, or -4.96%, in 7 days. The price is now at the 65.96% retracement level.

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 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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.79
Williams' Percentage Range (W%R) 45.60
Lane's Stochastic (%D-Slow) 62.06
Greed/Fear Indicator (GFI) 54.42
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.43
Williams' Percentage Range (W%R) 29.00
Lane's Stochastic (%D-Slow) 65.81
Greed/Fear Indicator (GFI) 62.27
Moving Average Converg./Diverg. (MACD) 0.56
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 41.57
Weekly Trendline Resistance 39.76
Upper Bollinger Band 39.75
Daily Stochastic Crossing 38.99
Weekly Trendline Support 38.93
20 Day Moving Average 38.67
Weekly Stochastic Crossing 38.64
Price 38.53
Parabolic System 37.96
50 Day Moving Average 37.44
Lower Bollinger Band 37.30
Quarterly Trendline Support 33.18
Sector and Industry
Description Name Rank
Sector Utilities 3
Industry Electric Utilities 22
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 37.89
Low Date 11/09/2021
High 39.77
High Date 11/16/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 39.76
Support 38.93
Low 35.42
Low Date 10/13/2021
High 39.82
High Date 11/02/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 39.94
High Date 09/02/2021
Low 35.42
Low Date 10/13/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 41.57
Support 33.18
Low 22.85
Low Date 07/22/2020
High 39.94
High Date 09/02/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.52
High Date 02/18/2020
Low 22.85
Low Date 07/22/2020
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.

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