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Advanced TA SearchArchive
- 9/13/2024 -
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FirstEnergy Corp. (FE) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a fifth consecutive positive week for the FirstEnergy Corp. (FE). During the week, the FE climbed 0.28 points, or 0.63%, and closed at 44.47 on Friday, September 13, 2024. Weekly volume was -28% below average.
FE 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 FE long-term trend chart]
A long-term downtrend had started on February 18, 2020 at 52.52 and reached 22.85 on July 22, 2020. FE lost 29.67 points, or 56.49%, in 22 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (44.83). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.
 Medium-term trend: [See FE medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 32.18 and reached 44.97 on September 5, 2024. FE gained -12.79 points, or -39.75%, in 48 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (40.04) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See FE weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 19, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 FE short-term trend chart]
A short-term uptrend had started on September 11, 2024 at 43.82 and reached 44.51 on September 13, 2024. FE gained -0.69 points, or -1.57%, in 2 days. The price is now at the 5.80% retracement level.
 Daily Technical Indicators: [See FE daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
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