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Archive - 3/15/2024 - Sign In to see current Signals. |
FirstEnergy Corp. (FE) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the FirstEnergy Corp. (FE). During the week, the FE gave back -0.14 points, or -0.37%, and closed at 37.95 on Friday, March 15, 2024. Weekly volume was -26% below average. FE is a member of Utilities Sector. Utilities is the most oversold 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 FE long-term trend chart] A long-term downtrend had started on January 17, 2023 at 43.31 and reached 32.18 on October 3, 2023. FE lost 11.13 points, or 25.70%, in 37 weeks. The price is now at the 51.84% retracement level. Medium-term trend: [See FE medium-term trend chart] A medium-term uptrend had started on October 3, 2023 at 32.18 and reached 38.82 on December 14, 2023. FE gained -6.64 points, or -20.63%, in 10 weeks. The price is now at the 13.10% retracement level. Weekly Technical Indicators: [See FE weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since October 27, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See FE short-term trend chart] A short-term uptrend had started on March 1, 2024 at 36.01 and reached 38.57 on March 12, 2024. FE gained -2.56 points, or -7.11%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See FE daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily 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 link to access Lane's Stochastic help. The daily MACD line is above its signal line since March 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Utilities |
1 |
Industry |
Electric Utilities |
24 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
36.01 |
Low Date |
03/01/2024 |
High |
38.57 |
High Date |
03/12/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
35.41 |
Low Date |
02/08/2024 |
High |
38.57 |
High Date |
03/12/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
32.18 |
Low Date |
10/03/2023 |
High |
38.82 |
High Date |
12/14/2023 |
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Quarterly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
43.31 |
High Date |
01/17/2023 |
Low |
32.18 |
Low Date |
10/03/2023 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
52.52 |
High Date |
02/18/2020 |
Low |
22.85 |
Low Date |
07/22/2020 |
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