AEE closes within previous day's range

Ameren Corp (AEE) Technical Analysis Report for Sep 14, 2018

Highlights

AEE closes above its opening price after recovering from early selling pressure
AEE finds buyers at key support level
AEE closes within previous day's range
AEE ends the day indecisive

TQ Sentiment

Report Sentiment: 33% Bullish
Technical Forecast:

Overview

AEE ended the week 0.11% higher at 65.41 after losing $0.30 (-0.46%) today. Trading up to $0.74 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for AEE

Volatility

Friday's trading range was $0.87 (1.33%), that's slightly above last trading month's daily average range of $0.77. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Support/Resistance

After trading as low as 64.58 during the day, Ameren Corp bounced off the key support level at 65.09. The failure to close below the support might increase that levels importance as support going forward. Prices are trading close to the key resistance level at 65.87.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying could speed up should prices move above the close-by swing high at 66.11 where further buy stops might get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Ameren Corp

Loading Market Conditions for $AEE (Ameren Corp)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Ameren Corp traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

AEP 10 day candlestick chart for AEP 71.40 0.32 (0.45%)
AES 10 day candlestick chart for AES 13.96 0.15 (1.09%)
AGR 10 day candlestick chart for AGR 49.12 -0.01 (-0.02%)
ATO 10 day candlestick chart for ATO 94.01 0.70 (0.75%)
AWK 10 day candlestick chart for AWK 88.60 0.17 (0.19%)
CMS 10 day candlestick chart for CMS 49.33 0.22 (0.45%)
CNP 10 day candlestick chart for CNP 28.03 0.03 (0.11%)
D 10 day candlestick chart for D 70.85 0.53 (0.75%)
DTE 10 day candlestick chart for DTE 109.07 -0.11 (-0.10%)
DUK 10 day candlestick chart for DUK 79.82 -0.80 (-0.99%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!