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Archive
- 6/6/2025 -
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FirstEnergy Corp. (FE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the FirstEnergy Corp. (FE). During the week, the FE dropped -1.29 points, or -3.08%, and closed at 40.65 on Friday, June 6, 2025. It was the worst weekly loss since February 28, 2025. Weekly volume was -12% below average.
 Long-term trend: [See FE long-term trend chart]
A long-term downtrend had started on September 5, 2024 at 44.97 and reached 37.58 on April 9, 2025. FE lost 7.39 points, or 16.43%, in 30 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 37.05 and resistance is at 42.45. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling 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 43.47 on May 6, 2025. FE gained -5.89 points, or -15.67%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (42.64) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FE may retest the broken support line. It is considered to be a resistance line now. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 weekly MACD line is above its signal line since April 11, 2025. 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 FE short-term trend chart]
A short-term downtrend had started on May 6, 2025 at 43.47 and reached 40.43 on June 6, 2025. FE lost 3.04 points, or 6.99%, in 31 days. The price is now at the 7.24% retracement level.
 Daily Technical Indicators: [See FE daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since May 7, 2025. 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.
 Candlestick pattern: [See FE candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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