The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 15
Symbol:  

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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 :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 62.66
Daily :
Move cursor over the icon to see details.

It was a first positive week for the Ameren Corporation (AEE). During the week, the AEE gained 0.77 points, or 1.22%, and closed at 63.75 on Friday, December 01, 2017. Weekly volume was -7% below average.

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 price is near the trend resistance line (62.66). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on July 6, 2017 at 53.54 and reached 64.89 on November 15, 2017. AEE gained -11.35 points, or -21.20%, in 18 weeks. The price is now at the 10.04% retracement level.

Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish 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 weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 October 6, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 uptrend had started on September 28, 2017 at 57.56 and reached 64.89 on November 15, 2017. AEE gained -7.33 points, or -12.73%, in 48 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 17, 2017. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.05
Williams' Percentage Range (W%R) 20.60
Lane's Stochastic (%D-Slow) 60.24
Greed/Fear Indicator (GFI) 67.23
Moving Average Converg./Diverg. (MACD) 0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.49
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 87.63
Overbought Bearish
Greed/Fear Indicator (GFI) 79.92
Moving Average Converg./Diverg. (MACD) 1.74 Bearish
Trading Signals
Description Value Chart
Parabolic System 64.49
Upper Bollinger Band 64.30
Weekly Stochastic Crossing 63.95
Daily Stochastic Crossing 63.78
Price 63.75
20 Day Moving Average 63.25
Yearly Trendline Resistance 62.66
Lower Bollinger Band 61.83
50 Day Moving Average 61.39
Sector and Industry
Description Name Rank
Sector Utilities 7
Industry Diversified Utilities 94
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 57.56
Low Date 09/28/2017
High 64.89
High Date 11/15/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.54
Low Date 07/06/2017
High 64.89
High Date 11/15/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.84
Low Date 10/12/2016
High 64.89
High Date 11/15/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Test Resistance
Resistance 62.66
Support 40.42
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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