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Archive
- 11/8/2024 -
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Alliant Energy Corp (LNT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Alliant Energy Corp (LNT). During the week, the LNT climbed 0.04 points, or 0.07%, and closed at 57.78 on Friday, November 8, 2024. Weekly volume was 30% above average.
LNT is a member of Utilities Sector. Utilities is the second most overbought 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 LNT long-term trend chart]
A long-term uptrend had started on October 3, 2023 at 45.15 and reached 62.49 on October 17, 2024. LNT gained -17.34 points, or -38.41%, in 54 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (51.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.
 Medium-term trend: [See LNT medium-term trend chart]
A medium-term uptrend had started on March 1, 2024 at 46.80 and reached 62.49 on October 17, 2024. LNT gained -15.69 points, or -33.53%, in 32 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 53.00 and resistance is at 63.68. 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 LNT weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See LNT short-term trend chart]
A short-term uptrend had started on May 29, 2024 at 49.05 and reached 62.49 on October 17, 2024. LNT gained -13.44 points, or -27.40%, in 141 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (61.73) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. LNT may retest the broken support line. It is considered to be a resistance line now. 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 short-term trend.
 Daily Technical Indicators: [See LNT daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 24, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
The distance between the Bollinger Bands is 100.45% higher then one year average. It indicates the period of high 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.
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