The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 12
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Ameren Corporation
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Summary:
Weekly :Broken trend support lineOversold sectorOversold industryLane's Stochastic is oversold
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the Ameren Corporation (AEE). During the week, the AEE gained 0.90 points, or 1.62%, and closed at 56.32 on Friday, February 16, 2018. Weekly volume was 32% above average.

AEE is a member of Utilities Sector. Utilities is the most oversold sector. AEE is a member of Diversified Utilities Industry. Diversified 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 AEE long-term trend chart]
A long-term uptrend had started on March 12, 2009 at 19.51 and reached 64.89 on November 15, 2017. AEE gained -45.38 points, or -232.60%, in 452 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 40.91 and resistance is at 63.70. 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 AEE medium-term trend chart]
A medium-term uptrend had started on June 26, 2015 at 37.26 and reached 64.89 on November 15, 2017. AEE gained -27.63 points, or -74.15%, in 124 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (57.42) is broken. A broken support is considered to be a long-term bearish signal. 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 AEE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 below its signal line since December 15, 2017. The distance between MACD and the signal line is relatively high, but getting smaller. 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 February 6, 2018 at 51.89 and reached 56.85 on February 16, 2018. AEE gained -4.96 points, or -9.56%, in 10 days. The price is now at the 10.69% 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. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.05
Williams' Percentage Range (W%R) 13.30
Overbought
Lane's Stochastic (%D-Slow) 79.71
Greed/Fear Indicator (GFI) 72.83
Moving Average Converg./Diverg. (MACD) -0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.13
Williams' Percentage Range (W%R) 65.30
Lane's Stochastic (%D-Slow) 14.50
Oversold
Greed/Fear Indicator (GFI) 29.46
Moving Average Converg./Diverg. (MACD) 0.29
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 66.21
Yearly Trendline Resistance 63.70
Upper Bollinger Band 57.92
Quarterly Trendline Support 57.42
50 Day Moving Average 57.39
Price 56.32
Daily Stochastic Crossing 56.13
20 Day Moving Average 55.27
Parabolic System 53.65
Weekly Stochastic Crossing 53.20
Lower Bollinger Band 53.08
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Diversified Utilities 7
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.89
Low Date 02/06/2018
High 56.85
High Date 02/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.89
Low Date 02/06/2018
High 56.85
High Date 02/16/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.89
High Date 11/15/2017
Low 51.89
Low Date 02/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 66.21
Support 57.42
Low 37.26
Low Date 06/26/2015
High 64.89
High Date 11/15/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 63.70
Support 40.91
Low 19.51
Low Date 03/12/2009
High 64.89
High Date 11/15/2017
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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