The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

AES Corp. (AES)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtStochastic signal line moved below overbought areaRelative Strength Index and MACD bearish divergenceTrend support at 20.27
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the AES Corp. (AES). During the week, the AES dropped -0.45 points, or -2.16%, and closed at 20.42 on Friday, November 20, 2020. Weekly volume was 24% above average.

AES is a member of Utilities Sector. Utilities is the second 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 AES long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 8.11 and reached 22.32 on November 9, 2020. AES gained -14.21 points, or -175.22%, in 33 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 21.21 and resistance is at 20.15. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See AES medium-term trend chart]
A medium-term uptrend had started on September 4, 2020 at 17.13 and reached 22.32 on November 9, 2020. AES gained -5.19 points, or -30.30%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (20.27) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See AES weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 19, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AES short-term trend chart]
A short-term downtrend had started on November 18, 2020 at 21.55 and reached 20.38 on November 20, 2020. AES lost 1.17 points, or 5.43%, in 2 days. Price is near the trend low.

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

The daily MACD line is below its signal line since November 19, 2020. 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.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.56
Williams' Percentage Range (W%R) 47.60
Lane's Stochastic (%D-Slow) 41.80
Greed/Fear Indicator (GFI) 49.25
Moving Average Converg./Diverg. (MACD) 0.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.67
Bearish
Williams' Percentage Range (W%R) 18.60
Overbought
Lane's Stochastic (%D-Slow) 79.91
Greed/Fear Indicator (GFI) 73.08
Moving Average Converg./Diverg. (MACD) 1.03 Bearish
Trading Signals
Description Value Chart
Parabolic System 22.34
Quarterly Trendline Resistance 22.10
Upper Bollinger Band 21.74
Monthly Trendline Resistance 21.33
Yearly Trendline Support 21.21
Weekly Stochastic Crossing 21.17
Monthly Trendline Support 21.06
Daily Stochastic Crossing 20.77
20 Day Moving Average 20.54
Price 20.42
Quarterly Trendline Support 20.27
Yearly Trendline Resistance 20.15
50 Day Moving Average 19.54
Lower Bollinger Band 19.35
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Electric Utilities 45
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 21.55
High Date 11/18/2020
Low 20.38
Low Date 11/20/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.55
High Date 11/18/2020
Low 20.38
Low Date 11/20/2020
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 21.33
Support 21.06
Low 18.98
Low Date 10/29/2020
High 22.32
High Date 11/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 22.10
Support 20.27
Low 17.13
Low Date 09/04/2020
High 22.32
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 20.15
Support 21.21
Low 8.11
Low Date 03/18/2020
High 22.32
High Date 11/09/2020
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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