|
|
Archive
- 8/20/2010
Sign In to see current Signals. |
|
Ameren Corporation |
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the first negative week after 4 consecutive positive weeks for the Ameren Corporation (AEE). During the week, the AEE dropped -0.44 points, or -1.60%, and closed at 27.14 on Friday, August 20, 2010. Weekly volume was 66% 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 uptrend had started on March 12, 2009 at 19.51 and reached 28.67 on December 28, 2009. AEE gained -9.16 points, or -46.95%, in 41 weeks. The price is now at the 16.70% retracement level.
 Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on May 6, 2010 at 23.09 and reached 28.52 on August 17, 2010. AEE gained -5.43 points, or -23.52%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 23.37 and resistance is at 27.93. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since July 23, 2010. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See AEE short-term trend chart]
A short-term uptrend had started on May 25, 2010 at 23.14 and reached 28.52 on August 17, 2010. AEE gained -5.38 points, or -23.25%, in 84 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 23.81 and resistance is at 28.12. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See AEE 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.
| |
|
|