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Advanced TA SearchArchive
- 5/10/2024 -
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Ameren Corporation (AEE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Ameren Corporation (AEE). During the week, the AEE climbed 0.31 points, or 0.42%, and closed at 74.40 on Friday, May 10, 2024. Weekly volume was 23% above average.
AEE is a member of Utilities Sector. Utilities is the 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 AEE long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 99.20 and reached 67.03 on February 13, 2024. AEE lost 32.17 points, or 32.43%, in 94 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 67.03 and reached 75.68 on May 3, 2024. AEE gained -8.65 points, or -12.90%, in 11 weeks. The price is now at the 14.80% retracement level.
 Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See AEE short-term trend chart]
A short-term downtrend had started on May 3, 2024 at 75.68 and reached 73.67 on May 7, 2024. AEE lost 2.01 points, or 2.66%, in 4 days. Price is near the Fibonacci 38.2% retracement level.
 Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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