FIRSTENERGY CORP (FE) Technical Analysis
NYSE:FE • US3379321074
Current stock price
FE Technical Rating and Analysis
Overall FE gets a technical rating of 8 out of 10. In the last year, FE was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, FE did better than 82% of all other stocks. We also observe that the gains produced by FE over the past year are nicely spread over this period.
- FE is part of the Electric Utilities industry. There are 47 other stocks in this industry. FE outperforms 76% of them.
- FE is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FE is leading the market.
- In the last month FE has a been trading in the 48.20 - 52.29 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- FE has an average volume of 4950780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FE Weekly and Daily overview Charts
FE Setup Rating and Analysis
Besides having an excellent technical rating, FE also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 49.05, a Stop Loss order could be placed below this zone.
More info and screens
FE Support and Resistance Analysis
37.89
We found 5 important support areas.
- A support zone ranging from 48.76 to 49.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.39 to 46.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 43.84 to 44.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.83 from a horizontal line in the daily time frame.
- Support @38.27 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.17 to 51.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
FE 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 FE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FE is neutral. |
| ChartMill Relative Strength | 82.04 | POSITIVE | FE has a high relative strength, it outperformed 82.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.15 | NEUTRAL | The RSI value for FE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests FE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.44 | NEUTRAL | The Stochastics value for FE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for FE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.85 | POSITIVE | The high ADX value value for FE suggests a strong trend. |
FE Chart- and CandleStick Pattern Analysis
FE Technicals: Chart, Performance Metrics, Trend & Indicators
50.03
0 (0%)
FIRSTENERGY CORP / FE TA FAQ
Can you provide the ChartMill technical rating for FIRSTENERGY CORP?
ChartMill assigns a technical rating of 8 / 10 to FE.
What is the trend direction for FE stock?
The current trend direction for FIRSTENERGY CORP (FE) is Bullish.
What is the RSI signal for FIRSTENERGY CORP (FE) stock?
FIRSTENERGY CORP (FE) has an RSI value of 52.1519. This indicates that the stock is currently neutral.
What is the short term momentum for FIRSTENERGY CORP (FE) stock?
The short term momentum for FIRSTENERGY CORP (FE) is neutral.