FIRSTENERGY CORP (FE) Stock Technical Analysis
USA - NYSE:FE - US3379321074 - Common Stock
43.05 USD
-0.54 (-1.24%)
43.05 USD
0 (0%)
Overall FE gets a technical rating of 7 out of 10. Although FE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
FE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FE is lagging the market slightly.
FE 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.
FE has an average volume of 3662700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, FE outperforms 45% of them, which is more or less in line with the market.
FE is an average performer in the Electric Utilities industry, it outperforms 40% of 48 stocks in the same industry.
In the last month FE has a been trading in a tight range between 42.73 and 44.40.
Besides having an excellent technical rating, FE also presents 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.
More info and screens
37.56
45.00
When analyzing the support we can see 3 important areas.
- Support @41.61 from a trend line in the daily time frame.
- A support zone ranging from 39.60 to 39.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.94 to 38.72. 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 43.43 to 43.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 44.48 to 44.55. This zone is formed by a combination of multiple trend lines 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 | 45.07 | NEUTRAL | FE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FE is below the rising 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) | 46.53 | NEUTRAL | The RSI value for FE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests FE has a negative trend. |
| Stochastics (14,3) | 48.56 | NEUTRAL | The Stochastics value for FE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for FE suggests low volalility. |
| Average Directional Index/ADX (14) | 23.55 | NEUTRAL | The ADX value for FE suggests a possible start of a new trend. |
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)
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 |
|---|---|---|---|
| 43.52 | 42.86 | 0.66 (1.52%) | 25.00% |
| An entry @43.52. This is a Buy Stop order right above the resistance zone. | An exit @42.86. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.66 points, which is 1.52%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
43.05
-0.54 (-1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-1.24%
1 Week-0.71%
2 Weeks-0.97%
1 Month0.51%
3 Month7.87%
6 Month8.82%
12 Month-2.16%
2 Year25.95%
3 Year16.35%
5 Year49.95%
10 Year37.5%
15 Year11.7%
Volatility
ATR(14)0.49
ATR(20)%1.19%
ATR Inc-8.59%
Range Today0.57
ADR(20)0.51
ADR(20)%1.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.07
Mansfield-0.64
10 Day High43.93
10 Day Low42.87
20 Day High44.4
20 Day Low42.73
52 Week High44.58
52 Week Low37.58
CS1 End41.61
CR1 Start43.43
Volume & EV
DER(3)-0.08%
DER(5)1.34%
Volume2.91M
Volume Incr-5.99%
Vol(5)3.19M
Vol(50)3.66M