The Greedy Trader Weekly Analysis
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Price vs. 50 Day Moving Average:Above
Price vs. 20 Day Moving Average:Above
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Moving Average Crossover - stock market timing alerts.

The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the the direction of a trend. While the price is below the moving average, it is considered as bearish behavior in relation to the trend length being viewed.

When the price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend.

Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use a 20-day moving average crossover to identify weekly trend and 50-day moving average crossover for monthly trend stock market alerts.

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- 3/15/2024 -
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American Electric Power (AEP) Technical Analysis

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Summary:
Weekly :MACD bearish divergenceOversold sectorBroken trend resistance linePrice is near the Fibonacci 23.6% retracement level
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the American Electric Power (AEP). During the week, the AEP dropped -1.73 points, or -2.06%, and closed at 82.11 on Friday, March 15, 2024. Weekly volume was 21% above 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 downtrend had started on September 12, 2022 at 105.60 and reached 69.39 on October 6, 2023. AEP lost 36.21 points, or 34.29%, in 55 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (64.51) is broken. A broken support is considered to be a long-term bullish 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 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 86.15 on March 5, 2024. AEP gained -16.76 points, or -24.15%, in 21 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AEP short-term trend chart]
A short-term uptrend had started on February 8, 2024 at 75.22 and reached 86.15 on March 5, 2024. AEP gained -10.93 points, or -14.53%, in 26 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (87.27) 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 short-term trend.

Daily Technical Indicators: [See AEP 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.

During the last week, the price has declined below 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) 56.80
Williams' Percentage Range (W%R) 76.60
Lane's Stochastic (%D-Slow) 20.71
Greed/Fear Indicator (GFI) 33.63
Moving Average Converg./Diverg. (MACD) 1.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.32
Williams' Percentage Range (W%R) 29.60
Lane's Stochastic (%D-Slow) 69.40
Greed/Fear Indicator (GFI) 63.39
Moving Average Converg./Diverg. (MACD) -0.52 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 90.10
Weekly Trendline Support 87.27
Upper Bollinger Band 85.14
Parabolic System 84.09
Weekly Stochastic Crossing 83.72
20 Day Moving Average 83.13
Price 82.11
Daily Stochastic Crossing 81.83
50 Day Moving Average 80.83
Lower Bollinger Band 79.94
Quarterly Trendline Resistance 74.81
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 24
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 86.15
High Date 03/05/2024
Low 81.12
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 90.10
Support 87.27
Low 75.22
Low Date 02/08/2024
High 86.15
High Date 03/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.39
Low Date 10/06/2023
High 86.15
High Date 03/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 74.81
Support 64.51
High 105.60
High Date 09/12/2022
Low 69.39
Low Date 10/06/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.97
High Date 02/04/2020
Low 69.39
Low Date 10/06/2023
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.