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AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 (AEPPZ) Stock Technical Analysis

USA - Nasdaq - NASDAQ:AEPPZ - US02557T3077

47.12 USD
-0.52 (-1.09%)
Last: 8/14/2023, 8:00:00 PM
47.4 USD
+0.28 (+0.59%)
After Hours: 8/14/2023, 8:00:00 PM
Technical Rating and Analysis

0

Taking everything into account, AEPPZ scores 0 out of 10 in our technical rating. AEPPZ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
73% of all other stocks performed better in the past year than AEPPZ.
AEPPZ is one of the lesser performing stocks in the Electric Utilities industry. 84% of 46 stocks in the same industry do better.
AEPPZ is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month AEPPZ has a been trading in the 46.91 - 50.67 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 / AEPPZ Weekly stock chart
AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 / AEPPZ Daily stock chart
Setup Rating and Analysis

2

The technical rating of AEPPZ is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

46.64

53.98

When analyzing the support we notice one important area.

  • A support zone ranging from 47.11 to 47.11. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

  • A resistance zone ranging from 48.38 to 50.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 52.62 to 53.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for AEPPZ is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for AEPPZ is down.
ChartMill Relative Strength27.41NEGATIVEAEPPZ has a low relative strength, it was outperformed by 72.59% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of AEPPZ is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of AEPPZ is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of AEPPZ is below a declining SMA(200).
Relative Strength Index/RSI (14)28.12OVERSOLDThe low RSI value suggests AEPPZ may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.24NEGATIVEThe MACD value suggests AEPPZ has a negative trend.
Stochastics (14,3)13.05OVERSOLDThe low Stochastics value suggests AEPPZ may be oversold.
Average True Range in percent/ATR (20)1.2LOW VOLATILITYThe low ATR as a percentage value for AEPPZ suggests low volalility.
Average Directional Index/ADX (14)28.21POSITIVEThe high ADX value value for AEPPZ suggests a strong trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 / AEPPZ Daily stock chart

AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23

NASDAQ:AEPPZ (8/14/2023, 8:00:00 PM)

After market: 47.4 +0.28 (+0.59%)

47.12

-0.52 (-1.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-1.09%
1 Week-2.18%
2 Weeks-5.27%
1 Month-5.57%
3 Month-4.21%
6 Month-6.92%
12 Month-16.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%1.2%
ATR Inc67.26%
Range Today0.99
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.41
3 months CRSN/A
6 months CRSN/A
Mansfield-1.6
10 Day High49.64
10 Day Low46.91
20 Day High50.67
20 Day Low46.91
52 Week High56.99
52 Week Low46.91
CS1 End47.11
CR1 Start48.38
Volume & EV
DER(3)2.54%
DER(5)1.45%
Volume2.10M
Volume Incr30.95%
Vol(5)648.22K
Vol(50)398.46K

AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 / AEPPZ FAQ

What is the ChartMill technical rating of AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 (AEPPZ) stock?

ChartMill assigns a technical rating of 0 / 10 to AEPPZ.


What is the current trend direction of AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 (AEPPZ) stock?

The current trend direction for AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 (AEPPZ) is Bearish.


What is the RSI signal for AEPPZ stock?

AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 (AEPPZ) has an RSI value of 28.1164. This indicates that the stock is currently oversold.


What is the MACD signal for AEPPZ stock?

The MACD indicator for AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 (AEPPZ) has a value of -0.240355, indicating a bearish trend.


What are the support and resistance levels for AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 (AEPPZ) stock?

AMERICAN ELECTRIC POWER - AEP 6 1/8 08/15/23 (AEPPZ) has a support level at 47.11 and a resistance level at 48.38. Check the full technical report for our detailed analysis of AEPPZ support and resistance levels.