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Advanced TA SearchArchive
- 4/19/2024 -
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Exelon Corp. (EXC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Exelon Corp. (EXC). During the week, the EXC gained 1.07 points, or 2.93%, and closed at 37.55 on Friday, April 19, 2024. Weekly volume was -24% below average.
EXC is a member of Utilities Sector. Utilities is the most overbought 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 EXC long-term trend chart]
A long-term downtrend had started on January 9, 2023 at 44.37 and reached 33.35 on February 9, 2024. EXC lost 11.02 points, or 24.84%, in 56 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 32.17 and resistance is at 42.30. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See EXC medium-term trend chart]
A medium-term uptrend had started on February 9, 2024 at 33.35 and reached 37.99 on April 9, 2024. EXC gained -4.64 points, or -13.91%, in 8 weeks. The price is now at the 9.48% retracement level.
 Weekly Technical Indicators: [See EXC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See EXC short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 37.99 and reached 35.75 on April 16, 2024. EXC lost 2.24 points, or 5.90%, in 7 days. The price is now at the 80.36% retracement level.
 Daily Technical Indicators: [See EXC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 9, 2024. 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.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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.
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