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S&P 500 Overbought StocksArchive - 4/5/2024 - Sign In to see current Signals. |
AES Corp. (AES) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a third consecutive positive week for the AES Corp. (AES). During the week, the AES climbed 0.15 points, or 0.84%, and closed at 18.08 on Friday, April 5, 2024. Weekly volume was 13% above average. Long-term trend: [See AES long-term trend chart] A long-term downtrend had started on December 13, 2022 at 29.89 and reached 11.43 on October 6, 2023. AES lost 18.46 points, or 61.76%, in 42 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level. Medium-term trend: [See AES medium-term trend chart] A medium-term uptrend had started on February 27, 2024 at 14.69 and reached 18.65 on April 4, 2024. AES gained -3.96 points, or -26.96%, in 5 weeks. The price is now at the 14.39% retracement level. Weekly Technical Indicators: [See AES weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since March 22, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help. Short-term trend: [See AES short-term trend chart] A short-term uptrend had started on March 18, 2024 at 14.74 and reached 18.65 on April 4, 2024. AES gained -3.91 points, or -26.53%, in 17 days. The price is now at the 14.58% retracement level. Daily Technical Indicators: [See AES daily technical indicators chart] Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help. The daily MACD line is above its signal line since March 20, 2024. This is an indication that the short-term trend is up. During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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