The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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AES Corp. (AES) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the AES Corp. (AES). During the week, the AES dropped -0.45 points, or -2.67%, and closed at 16.40 on Friday, April 19, 2024. Weekly volume was 22% above average.

AES 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 AES long-term trend chart]
A long-term downtrend had started on December 13, 2022 at 29.89 and reached 11.43 on October 6, 2023. AES lost 18.46 points, or 61.76%, in 42 weeks. The price is now at the 26.92% retracement level.

Medium-term trend: [See AES medium-term trend chart]
A medium-term uptrend had started on February 27, 2024 at 14.69 and reached 18.65 on April 4, 2024. AES gained -3.96 points, or -26.96%, in 5 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 14.82 and resistance is at 19.42. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since March 22, 2024. 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 AES short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 18.65 and reached 15.73 on April 17, 2024. AES lost 2.92 points, or 15.66%, in 13 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.18
Williams' Percentage Range (W%R) 82.90
Oversold
Lane's Stochastic (%D-Slow) 13.92
Oversold
Greed/Fear Indicator (GFI) 20.07
Moving Average Converg./Diverg. (MACD) 0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.63
Williams' Percentage Range (W%R) 72.20
Lane's Stochastic (%D-Slow) 60.81
Greed/Fear Indicator (GFI) 46.09
Moving Average Converg./Diverg. (MACD) -0.55
Trading Signals
Description Value Chart
Monthly Trendline Resistance 19.42
Upper Bollinger Band 18.51
Parabolic System 17.53
Weekly Stochastic Crossing 17.50
20 Day Moving Average 17.22
50 Day Moving Average 16.43
Price 16.40
Daily Stochastic Crossing 16.07
Lower Bollinger Band 15.15
Monthly Trendline Support 14.82
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Electric Utilities 83
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 15.73
Low Date 04/17/2024
High 16.51
High Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.65
High Date 04/04/2024
Low 15.73
Low Date 04/17/2024
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 19.42
Support 14.82
Low 14.69
Low Date 02/27/2024
High 18.65
High Date 04/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.24
High Date 12/14/2023
Low 14.69
Low Date 02/27/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.89
High Date 12/13/2022
Low 11.43
Low Date 10/06/2023
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.