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Ameren Corporation (AEE) |
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Ameren Corporation (AEE). During the week, the AEE dropped -3.74 points, or -4.55%, and closed at 78.45 on Friday, November 20, 2020. It was the worst weekly loss since June 12, 2020. Weekly volume was 20% above average.
AEE is a member of Utilities Sector. Utilities is the second 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 AEE long-term trend chart]
A long-term uptrend had started on March 12, 2009 at 19.51 and reached 87.66 on March 4, 2020. AEE gained -68.15 points, or -349.31%, in 572 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (64.28) 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 AEE medium-term trend chart]
A medium-term uptrend had started on September 21, 2020 at 75.27 and reached 86.90 on November 9, 2020. AEE gained -11.63 points, or -15.45%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (82.49) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AEE may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.
 Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 10, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See AEE short-term trend chart]
A short-term downtrend had started on November 9, 2020 at 86.90 and reached 77.61 on November 19, 2020. AEE lost 9.29 points, or 10.69%, in 10 days. The price is now at the 9.04% retracement level.
 Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 28, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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