The Greedy Trader Weekly Analysis
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Daily W%R:< 20
Number of records: 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/26/2024 -
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Ameren Corporation (AEE) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtA Parabolic SAR indicator is above and near the priceDaily  MACD line has moved above its signal line
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It was the negative week for the Ameren Corporation (AEE). During the week, the AEE gave back -0.22 points, or -0.30%, and closed at 73.66 on Friday, April 26, 2024. Weekly volume was -26% below average.

AEE 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 AEE long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 99.20 and reached 67.03 on February 13, 2024. AEE lost 32.17 points, or 32.43%, in 94 weeks. The price is now at the 20.61% retracement level.

Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 67.03 and reached 75.02 on April 25, 2024. AEE gained -7.99 points, or -11.92%, in 10 weeks. The price is now at the 17.02% retracement level.

Weekly Technical Indicators: [See AEE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See AEE short-term trend chart]
A short-term downtrend had started on April 25, 2024 at 75.02 and reached 73.65 on April 26, 2024. AEE lost 1.37 points, or 1.83%, in 1 days. Price is near the trend low.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (73.03) comes close to the price (73.66). It indicates that the trend is getting weaker. 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) 51.52
Williams' Percentage Range (W%R) 8.90
Strong Overbought
Lane's Stochastic (%D-Slow) 87.29
Overbought
Greed/Fear Indicator (GFI) 76.62
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.36
Williams' Percentage Range (W%R) 49.90
Lane's Stochastic (%D-Slow) 78.67
Greed/Fear Indicator (GFI) 61.37
Moving Average Converg./Diverg. (MACD) -1.93
Trading Signals
Description Value Chart
Upper Bollinger Band 75.35
Daily Stochastic Crossing 74.39
Weekly Stochastic Crossing 73.95
Price 73.66
20 Day Moving Average 73.05
Parabolic System 73.03
50 Day Moving Average 72.29
Lower Bollinger Band 70.84
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Multi-Utilities 100
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 75.02
High Date 04/25/2024
Low 73.65
Low Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.02
High Date 04/25/2024
Low 73.65
Low Date 04/26/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.10
Low Date 04/16/2024
High 75.02
High Date 04/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.03
Low Date 02/13/2024
High 75.02
High Date 04/25/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.20
High Date 04/21/2022
Low 67.03
Low Date 02/13/2024
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.