The Greedy Trader Weekly Analysis
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- 8/21/2026 -
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American Electric Power (AEP) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineTrend support at 120.02
Daily :The price is below the lower Bollinger BandMACD bullish divergence
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It was the negative week for the American Electric Power (AEP). During the week, the AEP dropped -4.66 points, or -3.71%, and closed at 120.94 on Friday, August 21, 2026. Weekly volume was -10% below average.

AEP is a member of Utilities Sector. Utilities is the most oversold 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 AEP long-term trend chart]
A long-term uptrend had started on March 31, 2009 at 24.00 and reached 140.58 on July 7, 2026. AEP gained -116.58 points, or -485.75%, in 901 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (81.92) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See AEP medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 69.39 and reached 140.58 on July 7, 2026. AEP gained -71.19 points, or -102.59%, in 143 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (120.02) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See AEP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 8, 2026. 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 August 18, 2026 at 128.62 and reached 120.52 on August 21, 2026. AEP lost 8.10 points, or 6.30%, in 3 days. The price is now at the 5.19% retracement level.

Daily Technical Indicators: [See AEP daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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.

The daily MACD line is below its signal line since August 20, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 26.59
Williams' Percentage Range (W%R) 63.60
Lane's Stochastic (%D-Slow) 50.26
Greed/Fear Indicator (GFI) 37.74
Moving Average Converg./Diverg. (MACD) -1.88 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.87
Williams' Percentage Range (W%R) 71.90
Lane's Stochastic (%D-Slow) 28.12
Greed/Fear Indicator (GFI) 33.67
Moving Average Converg./Diverg. (MACD) 2.46
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 139.33
Upper Bollinger Band 132.71
50 Day Moving Average 130.83
Parabolic System 128.75
20 Day Moving Average 126.68
Monthly Trendline Resistance 125.40
Weekly Stochastic Crossing 124.81
Daily Stochastic Crossing 124.30
Lower Bollinger Band 120.98
Price 120.94
Quarterly Trendline Support 120.02
Monthly Trendline Support 117.58
Yearly Trendline Resistance 106.55
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 15
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 128.62
High Date 08/18/2026
Low 120.52
Low Date 08/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 128.62
High Date 08/18/2026
Low 120.52
Low Date 08/21/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 125.40
Support 117.58
High 140.58
High Date 07/07/2026
Low 120.52
Low Date 08/21/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 139.33
Support 120.02
Low 69.39
Low Date 10/06/2023
High 140.58
High Date 07/07/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 106.55
Support 81.92
Low 24.00
Low Date 03/31/2009
High 140.58
High Date 07/07/2026
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.