FIRSTENERGY CORP (FE) Stock Technical Analysis
USA - NYSE:FE - US3379321074 - Common Stock
We assign a technical rating of 6 out of 10 to FE. FE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
FE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 45.14, a Stop Loss order could be placed below this zone.
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37.89
6 important support areas can be observed.
- A support zone ranging from 44.90 to 45.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.62 to 43.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @41.20 from a trend line in the weekly time frame.
- A support zone ranging from 39.71 to 39.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @39.02 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 46.52 to 47.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 59.67 | NEUTRAL | FE is not amongst the best or worst performers 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) | 47.21 | NEUTRAL | The RSI value for FE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests FE has a negative trend. |
| Stochastics (14,3) | 10.71 | OVERSOLD | The low Stochastics value suggests FE may be oversold. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for FE suggests low volalility. |
| Average Directional Index/ADX (14) | 35.11 | POSITIVE | The high ADX value value for FE suggests a strong trend. |
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 |
|---|---|---|---|
| 46.53 | 45.67 | 0.86 (1.85%) | 25.00% |
| An entry @46.53. This is a Buy Stop order right above the 10 day moving average. | An exit @45.67. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.86 points, which is 1.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%. |
- The distance between exit and entry is rather small compared to the average daily movement of FE. 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.
45.83
-0.39 (-0.84%)
FIRSTENERGY CORP / FE FAQ
Can you provide the ChartMill technical rating for FIRSTENERGY CORP?
ChartMill assigns a technical rating of 6 / 10 to FE.
What is the current trend direction of FIRSTENERGY CORP (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 47.2117. This indicates that the stock is currently neutral.
What is the short term momentum for FE stock?
The short term momentum for FIRSTENERGY CORP (FE) is neutral.