The Greedy Trader Weekly Analysis
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Ameren Corporation (AEE)

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageThe 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.68
Williams' Percentage Range (W%R) 88.80
Oversold
Lane's Stochastic (%D-Slow) 16.42
Oversold
Greed/Fear Indicator (GFI) 20.77
Moving Average Converg./Diverg. (MACD) 0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.63
Williams' Percentage Range (W%R) 54.10
Lane's Stochastic (%D-Slow) 67.94
Greed/Fear Indicator (GFI) 54.44
Moving Average Converg./Diverg. (MACD) 1.40
Trading Signals
Description Value Chart
Monthly Trendline Resistance 88.45
Upper Bollinger Band 84.87
Parabolic System 84.13
Weekly Stochastic Crossing 83.45
Monthly Trendline Support 82.49
20 Day Moving Average 81.98
50 Day Moving Average 80.69
Price 78.45
Daily Stochastic Crossing 78.02
Lower Bollinger Band 77.73
Yearly Trendline Resistance 72.58
Yearly Trendline Support 64.28
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Multi-Utilities 55
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 84.46
High Date 11/16/2020
Low 77.61
Low Date 11/19/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.90
High Date 11/09/2020
Low 77.61
Low Date 11/19/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 88.45
Support 82.49
Low 75.27
Low Date 09/21/2020
High 86.90
High Date 11/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 58.74
Low Date 03/23/2020
High 86.90
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 72.58
Support 64.28
Low 19.51
Low Date 03/12/2009
High 87.66
High Date 03/04/2020
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.

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