The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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Ameren Corporation
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Summary:
Weekly :
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Ameren Corporation (AEE). During the week, the AEE dropped -0.61 points, or -1.07%, and closed at 56.26 on Friday, May 18, 2018. Weekly volume was 12% above average.

Long-term trend: [See AEE long-term trend chart]
A long-term uptrend had started on March 12, 2009 at 19.51 and reached 64.89 on November 15, 2017. AEE gained -45.38 points, or -232.60%, in 452 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 41.49 and resistance is at 67.08. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on February 6, 2018 at 51.89 and reached 59.18 on May 4, 2018. AEE gained -7.29 points, or -14.05%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 55.54 and resistance is at 60.14. 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 AEE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 13, 2018. 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 May 4, 2018 at 59.18 and reached 55.72 on May 17, 2018. AEE lost 3.46 points, or 5.85%, in 13 days. The chart has formed a Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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 May 7, 2018. This is an indication that the short-term trend is down.

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) 29.08
Williams' Percentage Range (W%R) 93.30
Strong Oversold
Lane's Stochastic (%D-Slow) 11.20
Oversold
Greed/Fear Indicator (GFI) 15.64
Oversold
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.46
Williams' Percentage Range (W%R) 46.20
Lane's Stochastic (%D-Slow) 71.59
Greed/Fear Indicator (GFI) 59.56
Moving Average Converg./Diverg. (MACD) -0.57
Trading Signals
Description Value Chart
Yearly Trendline Resistance 67.08
Monthly Trendline Resistance 60.14
Upper Bollinger Band 58.92
Weekly Stochastic Crossing 57.70
Parabolic System 57.56
20 Day Moving Average 57.30
50 Day Moving Average 56.33
Price 56.26
Daily Stochastic Crossing 55.92
Weekly Trendline Support 55.65
Weekly Trendline Resistance 55.65
Monthly Trendline Support 55.54
Lower Bollinger Band 54.73
Sector and Industry
Description Name Rank
Sector Utilities 7
Industry Diversified Utilities 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.72
Low Date 05/17/2018
High 56.51
High Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status
Resistance 55.65
Support 55.65
High 59.18
High Date 05/04/2018
Low 55.72
Low Date 05/17/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 60.14
Support 55.54
Low 51.89
Low Date 02/06/2018
High 59.18
High Date 05/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.89
High Date 11/15/2017
Low 51.89
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 67.08
Support 41.49
Low 19.51
Low Date 03/12/2009
High 64.89
High Date 11/15/2017
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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