American Electric Power
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|It was a first positive week after 3 consecutive negative weeks for the American Electric Power (AEP). During the week, the AEP gained 0.99 points, or 1.40%, and closed at 71.87 on Friday, October 05, 2018. It was the best weekly gain since August 17, 2018. Weekly volume was -6% below 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 support line (72.65) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
Medium-term trend: [See AEP medium-term trend chart]
A medium-term uptrend had started on June 11, 2018 at 62.71 and reached 73.74 on September 11, 2018. AEP gained -11.03 points, or -17.59%, in 13 weeks. The price is now at the 16.95% retracement level.
Weekly Technical Indicators: [See AEP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since June 22, 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 AEP short-term trend chart]
A short-term uptrend had started on September 26, 2018 at 68.92 and reached 72.11 on October 5, 2018. AEP gained -3.19 points, or -4.63%, in 9 days. The price is now at the 7.52% retracement level.
Daily Technical Indicators: [See AEP daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.