The Greedy Trader Weekly Analysis
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American Electric Power
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the American Electric Power (AEP). During the week, the AEP gave back -0.31 points, or -0.40%, and closed at 76.93 on Friday, December 08, 2017. It was the worst weekly loss since September 29, 2017. Weekly volume was 10% above average.

Long-term trend: [See AEP long-term trend chart]
A long-term uptrend had started on March 31, 2009 at 24.00 and reached 78.07 on December 4, 2017. AEP gained -54.07 points, or -225.29%, in 452 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (69.49) 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 AEP medium-term trend chart]
A medium-term uptrend had started on December 1, 2016 at 57.89 and reached 78.07 on December 4, 2017. AEP gained -20.18 points, or -34.86%, in 52 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (73.03) 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 medium-term trend.

Weekly Technical Indicators: [See AEP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 weekly MACD line is above its signal line since October 27, 2017. This is an indication that the medium-term trend is up. 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 December 4, 2017 at 78.07 and reached 75.86 on December 5, 2017. AEP lost 2.21 points, or 2.83%, in 1 days. The price is now at the 48.42% 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 November 30, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.24
Williams' Percentage Range (W%R) 47.80
Lane's Stochastic (%D-Slow) 40.15
Greed/Fear Indicator (GFI) 49.52
Moving Average Converg./Diverg. (MACD) 0.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.23
Williams' Percentage Range (W%R) 17.00
Overbought
Lane's Stochastic (%D-Slow) 87.56
Overbought
Greed/Fear Indicator (GFI) 76.44
Moving Average Converg./Diverg. (MACD) 1.66
Trading Signals
Description Value Chart
Parabolic System 78.01
Upper Bollinger Band 77.56
Weekly Stochastic Crossing 77.34
Price 76.93
20 Day Moving Average 76.70
Daily Stochastic Crossing 76.64
Quarterly Trendline Resistance 76.41
Lower Bollinger Band 75.21
50 Day Moving Average 74.59
Yearly Trendline Resistance 73.61
Quarterly Trendline Support 73.03
Yearly Trendline Support 69.49
Sector and Industry
Description Name Rank
Sector Utilities 3
Industry Electric Utilities 69
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.86
Low Date 12/05/2017
High 76.96
High Date 12/06/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.07
High Date 12/04/2017
Low 75.86
Low Date 12/05/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.55
Low Date 10/03/2017
High 78.07
High Date 12/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 76.41
Support 73.03
Low 57.89
Low Date 12/01/2016
High 78.07
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 73.61
Support 69.49
Low 24.00
Low Date 03/31/2009
High 78.07
High Date 12/04/2017
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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