The Greedy Trader Weekly Analysis
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American Electric Power (AEP)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the American Electric Power (AEP). During the week, the AEP dropped -1.05 points, or -1.15%, and closed at 89.87 on Friday, November 13, 2020. Weekly volume was -19% below average.

AEP 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 AEP long-term trend chart]
A long-term uptrend had started on March 31, 2009 at 24.00 and reached 104.97 on February 4, 2020. AEP gained -80.97 points, or -337.38%, in 566 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 73.46 and resistance is at 97.60. 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 AEP medium-term trend chart]
A medium-term downtrend had started on February 4, 2020 at 104.97 and reached 65.14 on March 23, 2020. AEP lost 39.83 points, or 37.94%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (82.90) 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 medium-term trend.

Weekly Technical Indicators: [See AEP 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 September 25, 2020. Use the following link to access a MACD help.

Short-term trend: [See AEP short-term trend chart]
A short-term downtrend had started on October 26, 2020 at 94.21 and reached 88.75 on October 30, 2020. AEP lost 5.46 points, or 5.80%, in 4 days. The price is now at the 20.51% retracement level.

Daily Technical Indicators: [See AEP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since October 27, 2020. This is an indication that the short-term trend is down.

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 is falling, and it was 4.23% on Friday. It is 67.39% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.35
Williams' Percentage Range (W%R) 76.70
Lane's Stochastic (%D-Slow) 28.61
Greed/Fear Indicator (GFI) 28.07
Moving Average Converg./Diverg. (MACD) 1.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.17
Williams' Percentage Range (W%R) 24.60
Lane's Stochastic (%D-Slow) 84.69
Overbought
Greed/Fear Indicator (GFI) 73.64
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Monthly Trendline Resistance 100.42
Yearly Trendline Resistance 97.60
Parabolic System 94.19
Upper Bollinger Band 91.95
Weekly Stochastic Crossing 91.46
20 Day Moving Average 90.95
Daily Stochastic Crossing 90.39
Price 89.87
Lower Bollinger Band 88.13
50 Day Moving Average 86.38
Quarterly Trendline Support 82.90
Quarterly Trendline Resistance 79.95
Monthly Trendline Support 79.26
Yearly Trendline Support 73.46
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Electric Utilities 96
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 88.84
Low Date 11/12/2020
High 90.47
High Date 11/13/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 94.21
High Date 10/26/2020
Low 88.75
Low Date 10/30/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 100.42
Support 79.26
Low 77.30
Low Date 09/01/2020
High 94.21
High Date 10/26/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 79.95
Support 82.90
High 104.97
High Date 02/04/2020
Low 65.14
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 97.60
Support 73.46
Low 24.00
Low Date 03/31/2009
High 104.97
High Date 02/04/2020
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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