Aegion Corp (AEGN) Technical Analysis
NASDAQ:AEGN
Current stock price
AEGN Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to AEGN. Both in the recent history as in the last year, AEGN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that AEGN is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, AEGN also shows a nice and consistent pattern of rising prices.
- AEGN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AEGN is leading the market.
- AEGN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month AEGN has a been trading in a tight range between 29.90 and 30.95.
AEGN Weekly and Daily overview Charts
AEGN Setup Rating and Analysis
Besides having an excellent technical rating, AEGN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 29.98, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
AEGN Support and Resistance Analysis
15.74
We found 3 important support areas.
- A support zone ranging from 29.96 to 29.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.78 to 24.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.90 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.99 to 30.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
AEGN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AEGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AEGN is up. |
| ChartMill Relative Strength | 91.41 | POSITIVE | AEGN has a high relative strength, it outperformed 91.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AEGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AEGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AEGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.41 | NEUTRAL | The RSI value for AEGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests AEGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.69 | OVERSOLD | The low Stochastics value suggests AEGN may be oversold. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for AEGN suggests low volalility. |
AEGN Chart- and CandleStick Pattern Analysis
AEGN Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.00 | 29.95 | 0.05 (0.18%) | 25.00% |
| An entry @30.00. This is a Buy Stop order right above the 10 day moving average. | An exit @29.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.05 points, which is 0.18%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.04%. |
- The distance between exit and entry is rather small compared to the average daily movement of AEGN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AEGN Technicals: Chart, Performance Metrics, Trend & Indicators
29.99
-0.01 (-0.03%)
Aegion Corp / AEGN TA FAQ
What is the technical rating for AEGN stock?
ChartMill assigns a technical rating of 9 / 10 to AEGN.
What is the trend direction for AEGN stock?
The current trend direction for Aegion Corp (AEGN) is Bullish.
Can you provide the RSI signal for Aegion Corp?
Aegion Corp (AEGN) has an RSI value of 57.4148. This indicates that the stock is currently neutral.
What is the MACD signal for AEGN stock?
The MACD indicator for Aegion Corp (AEGN) has a value of -0.140264, indicating a bearish trend.
What are the support and resistance levels for Aegion Corp (AEGN) stock?
Aegion Corp (AEGN) has a support level at 29.98 and a resistance level at 29.99. Check the full technical report for our detailed analysis of AEGN support and resistance levels.