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Exelon Corp. (EXC) |
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Exelon Corp. (EXC). During the week, the EXC dropped -0.48 points, or -1.20%, and closed at 39.39 on Friday, May 26, 2023. EXC was trading at average weekly trading volume.
 Long-term trend: [See EXC long-term trend chart]
A long-term uptrend had started on December 14, 2015 at 25.09 and reached 58.01 on December 31, 2021. EXC gained -32.92 points, or -131.21%, in 315 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 32.40 and resistance is at 61.72. 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 long-term trend.
 Medium-term trend: [See EXC medium-term trend chart]
A medium-term uptrend had started on October 20, 2022 at 35.19 and reached 44.37 on January 9, 2023. EXC gained -9.18 points, or -26.09%, in 11 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (40.60) 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. EXC 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 medium-term trend.
 Weekly Technical Indicators: [See EXC weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
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 EXC short-term trend chart]
A short-term downtrend had started on April 25, 2023 at 43.71 and reached 38.79 on May 26, 2023. EXC lost 4.92 points, or 11.26%, in 31 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See EXC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish 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 bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 26, 2023. This is an indication that the short-term trend is down.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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