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Price vs. Lower Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
bollinger bands,bollinger band crossover,stock market timing signal,bollinger band indicator screener
Archive
- 2/9/2018
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American Electric Power
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Summary:
Weekly :Oversold sectorOversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineBroken trend support lineBroken trend support line
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBullish Ladder Bottom CandlestickPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the American Electric Power (AEP). During the week, the AEP dropped -3.03 points, or -4.47%, and closed at 64.72 on Friday, February 09, 2018. Weekly volume was 127% above average.

AEP is a member of Utilities Sector. Utilities is the most oversold sector. AEP is a member of Electric Utilities Industry. Electric Utilities is the seventh most oversold industry. 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 AEP long-term trend chart]
A long-term uptrend had started on March 31, 2009 at 24.00 and reached 78.07 on December 4, 2017. AEP gained -54.07 points, or -225.29%, in 452 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (70.41) 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. AEP 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 long-term trend.

Medium-term trend: [See AEP medium-term trend chart]
A medium-term uptrend had started on December 1, 2016 at 57.89 and reached 78.07 on December 4, 2017. AEP gained -20.18 points, or -34.86%, in 52 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (73.46) 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. AEP 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 AEP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly 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 weekly MACD line is below its signal line since December 22, 2017. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AEP short-term trend chart]
A short-term downtrend had started on January 25, 2018 at 69.80 and reached 63.32 on February 8, 2018. AEP lost 6.48 points, or 9.28%, in 14 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AEP 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 MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Candlestick pattern: [See AEP candlestick chart pattern]
On Friday the chart has formed a Bullish Ladder Bottom Candlestick pattern. A Bullish Ladder Bottom pattern occurs in a downtrend, it may signal a trend reversal. The reliability of the Bullish Ladder Bottom pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Ladder Bottom Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.26
Williams' Percentage Range (W%R) 96.60
Strong Oversold
Lane's Stochastic (%D-Slow) 11.26
Oversold
Greed/Fear Indicator (GFI) 16.64
Oversold
Moving Average Converg./Diverg. (MACD) -1.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.37
Williams' Percentage Range (W%R) 98.50
Strong Oversold
Lane's Stochastic (%D-Slow) 8.08
Strong Oversold
Greed/Fear Indicator (GFI) 14.27
Oversold
Moving Average Converg./Diverg. (MACD) 0.56
Trading Signals
Description Value Chart
Yearly Trendline Resistance 74.53
Quarterly Trendline Support 73.46
50 Day Moving Average 71.54
Upper Bollinger Band 70.84
Yearly Trendline Support 70.41
20 Day Moving Average 67.36
Parabolic System 66.85
Price 64.72
Weekly Stochastic Crossing 64.51
Lower Bollinger Band 64.26
Daily Stochastic Crossing 64.04
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 7
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 65.44
High Date 02/07/2018
Low 63.32
Low Date 02/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 69.80
High Date 01/25/2018
Low 63.32
Low Date 02/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.07
High Date 12/04/2017
Low 63.32
Low Date 02/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 81.83
Support 73.46
Low 57.89
Low Date 12/01/2016
High 78.07
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 74.53
Support 70.41
Low 24.00
Low Date 03/31/2009
High 78.07
High Date 12/04/2017
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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