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Archive
- 5/29/2026 -
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FirstEnergy Corp. (FE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 5 consecutive negative weeks for the FirstEnergy Corp. (FE). During the week, the FE climbed 0.08 points, or 0.17%, and closed at 46.39 on Friday, May 29, 2026. Weekly volume was 11% above average.
FE is a member of Utilities Sector. Utilities is the second 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 uptrend had started on October 3, 2023 at 32.18 and reached 52.34 on April 9, 2026. FE gained -20.16 points, or -62.65%, in 131 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 41.63 and resistance is at 51.98. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See FE medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 37.58 and reached 52.34 on April 9, 2026. FE gained -14.76 points, or -39.28%, in 52 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (48.00) 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 medium-term trend.
 Weekly Technical Indicators: [See FE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since April 24, 2026. The distance between MACD and the signal line is near its high, but getting smaller. 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 May 15, 2026 at 43.73 and reached 47.14 on May 27, 2026. FE gained -3.41 points, or -7.80%, in 12 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See FE daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since May 19, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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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 |
2 |
| Industry |
Electric Utilities |
53 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
43.73 |
| Low Date |
05/15/2026 |
| High |
47.14 |
| High Date |
05/27/2026 |
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| Weekly 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 |
52.34 |
| High Date |
04/09/2026 |
| Low |
43.73 |
| Low Date |
05/15/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
53.52 |
| Support |
48.00 |
| Low |
37.58 |
| Low Date |
04/09/2025 |
| High |
52.34 |
| High Date |
04/09/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
51.98 |
| Support |
41.63 |
| Low |
32.18 |
| Low Date |
10/03/2023 |
| High |
52.34 |
| High Date |
04/09/2026 |
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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 |
22.85 |
| Low Date |
07/22/2020 |
| High |
52.34 |
| High Date |
04/09/2026 |
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