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Archive
- 4/5/2024 -
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FirstEnergy Corp. (FE) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the FirstEnergy Corp. (FE). During the week, the FE dropped -0.61 points, or -1.58%, and closed at 38.01 on Friday, April 5, 2024. FE was trading at average weekly trading volume.
 Long-term trend: [See FE long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 48.85 and reached 32.18 on October 3, 2023. FE lost 16.67 points, or 34.12%, in 75 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (30.95) 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 FE medium-term trend chart]
A medium-term uptrend had started on February 8, 2024 at 35.41 and reached 38.73 on April 2, 2024. FE gained -3.32 points, or -9.38%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 36.86 and resistance is at 38.90. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See FE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 27, 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 FE short-term trend chart]
A short-term downtrend had started on April 2, 2024 at 38.73 and reached 37.75 on April 5, 2024. FE lost 0.98 points, or 2.53%, in 3 days. The price is now at the 26.53% retracement level.
Daily Technical Indicators: [See FE 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (2.21%) is close to one year low (3.10%). It is 71.98% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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